Archax Expands European Crypto Reach with Deutsche Digital Assets Acquisition and $70M ETP Management

On July 22, Archax, a prominent UK-based digital asset trading platform, announced its acquisition of Deutsche Digital Assets (DDA), a regulated German crypto asset management firm. This strategic move is set to enhance Archax’s footprint across Europe’s key financial hubs. DDA oversees around $70 million in assets and is recognized for its expertise in distributing cryptocurrency exchange-traded products (ETPs) via an extensive network of European banks and asset managers. The acquisition underscores Archax’s commitment to expanding its market presence and delivering robust crypto investment solutions within the evolving European regulatory landscape.