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 market in cryptocurrencies is worth billions, and more digital assets will emerge on the basis of blockchain. Our goal is to build up the leading European trading venue for those assets.
 

Dr Dirk Sturz

CEO, BSDEX

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.





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Boerse Stuttgart To Launch BTC Spot Trading
Boerse Stuttgart To Launch BTC Spot Trading
Boerse Stuttgart To Launch BTC Spot Trading
Boerse Stuttgart To Launch BTC Spot Trading

Boerse Stuttgart To Launch BTC Spot Trading

Boerse Stuttgart To Launch BTC Spot Trading