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Archax to Acquire Deutsche Digitale Assets, Expand its Crypto ETP Business in Europe

Summary: According to CoinDesk, UK-based digital asset trading platform Archax is set to acquire German-regulated crypto asset management company Deutsche Digitale Assets (DDA), strengthening its presence in two major European financial markets. DDA manages around $70 million in assets, specializing in distributing crypto exchange-traded products (ETPs) through networks of European banks and asset management companies.

According to CoinDesk, UK-based digital asset trading platform Archax is set to acquire German-regulated crypto asset management company Deutsche Digitale Assets (DDA), strengthening its presence in two major European financial markets. DDA manages around $70 million in assets, specializing in distributing crypto exchange-traded products (ETPs) through networks of European banks and asset management companies.

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