Arax will acquire Deutsche Digital Assets, expand its crypto ETP business in Europe
Online reports, CoinDesk reported that UK-based digital asset trading platform Arax will acquire German regulated crypto asset management company Deutsche Digital Assets (DDA), a move that will strengthen its influence in Europe's two major financial markets. DDA manages approximately US$70 million in assets and specializes in distributing cryptocurrency trading platform trading products (ETP) through a network of European banks and asset management companies.
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