German Stock Exchange Boerse Stuttgart Group Is Launching Crypto Trading Platform
German Stock Exchange Launching Crypto Trading Platform
Boerse Stuttgart Group, the second-largest stock exchange in Germany, is planning to launch a crypto trading platform early next year. The exchange announced its partnership with a local fintech company, SolarisBank. Together, the two aim to create an engineering infrastructure for digital asset trading.
Alexander Hoptner, the CEO of Boerse Stuttgart stated
“With its combination of technology and banking expertise, SolarisBank is a great partner for us to offer central services along the value chain for digital assets.”
Users may be able to trade ether and bitcoin on the exchange and there may also be support for other tokens after their initial coin offering.
Boerse Stuttgart’s exchange will be accessible to both individual and institutional investors. The exchange will also have features similar to the traditional stock trading platform, such as open order books and order execution.
Currently, the exchange has applied for regulatory approval from the Multilateral Trading Facility that will enable it to function as a crypto trading marketplace. SolarisBank has also partnered with Bitwala, another crypto exchange, to promote crypto banking services.