The Stuttgart Stock Exchange has announced the launch of regulated spot trading in cryptocurrencies. At this stage, only one pair is represented on the site – bitcoin to the euro, writes the local business publication Onvista .
Trading on the Börse Stuttgart Digital Exchange (BSDEX) is carried out in accordance with the German Banking Act.
Both retail and institutional traders have access to the trading platform, which was launched in partnership with the fintech company solarisBank, and it itself is not much different from the existing securities trading platform.
“The cryptocurrency market is estimated at billions. Over time, more and more assets will appear on the blockchain. Our goal is to become Europe's leading platform for trading these assets, ”said BSDEX CEO Dirk Sturz.
Note that solarisBank is also a partner of the Berlin startup Bitwala , which offers users a single bank account with support for bitcoin and fiat.
In the future, the exchange intends to enter other European markets, and by the end of the year add support for Ethereum, Litecoin and XRP. The next step, which should be implemented in 2020, will be asset tokenization.
Initially, the Stuttgart Stock Exchange announced plans to launch a platform for cryptocurrency trading in December 2018.
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