Deutsche Börse’s 360T has partnered with Bitpanda to expand its MiCA-regulated crypto trading infrastructure, focusing particularly on institutional clients across the European Union. The alliance leverages Bitpanda’s BaFin-issued MiCAR license and 360T’s 3DX institutional marketplace.
The collaboration between 360T and Bitpanda brings together several components, transforming the capabilities of both companies into a single network capable of operating with institutional clients under a single regulatory brand and with licenses across the European Union.
360T launched its 3DX digital exchange on may 7, 2025, as a BaFin-authorized spot market exclusively for institutions, initially supporting BTC and ETH against EUR and USD. Clearstream deployed a crypto custody solution for institutional clients on march 11, 2025, and 3DX integrated Trever’s Digital Asset Operating System on september 24, 2025, to connect trading, custody, and reporting workflows.
Deutsche Börse Group also integrated MiCA-compatible stablecoins into its channels through a partnership with SG FORGE, which added CoinVertible (EUR and USD formats) on November 18, 2025, positioning these tokens for settlement, collateral, and treasury use.
Together, the components aim to offer sub-millisecond execution, competitive pricing from multiple liquidity providers, and automated compliance checks inherited from FX trading.
Regulatory scope of the 360T and Bitpanda alliance
Bitpanda’s MiCAR license enables a service passport across all European Union member states, reducing the regulatory fragmentation that has historically hindered institutional access to the crypto market. This common framework establishes a unified legal basis that simplifies the provision of regulated services regionally.
Building on this regulatory foundation, the partnership articulates several components designed to address key institutional concerns. Regulated trading is channeled through 3DX, 360T’s institutional platform, while custody relies on Clearstream’s institutional infrastructure. Settlement and lifecycle management are completed using MiCA-compliant stablecoins and automated post-trade tools.
Bitpanda’s MiCAR license, issued by BaFin on january 27, 2025, provides the legal backing to operate throughout the EU. In parallel, 360T’s 3DX, launched on may 7, 2025, offers an institutional spot market with FX-like execution standards, characterized by low latency and high-quality order matching.
Together, the neutral, multi-vendor model, combined with operational safeguards, aims to reduce counterparty concentration and operational friction. For market participants, the initiative opens a clear and regulated pathway for trading, custody, and settlement under MiCAR, with a roadmap aimed at expanding MiCAR-compliant assets and deepening banking and custody integrations, thereby strengthening market depth and institutional accessibility.
