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wilslaw

Crypto Trading Platform To Be Launched By Major German Stock Exchange

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Boerse Stuttgart Group (the second largest stock exchange in Germany) is ready to launch a crypto trading platform before mid 2019.

 

On Wednesday, the firm announced that it has formed a partnership with solarisBank (a local fintech company) to create for digital assets trading, an engineering infrastructure, which functions within a banking license in the country, will also be the banking partner of Boerse for the venture.

 

Boerse Stuttgart CEO, Alexander Hoptner said: “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.”

 

At first, the platform will be enabled to perform trading for ether and Bitcoin, with support for other tokens expected, once its ICO (which is also under development) goes live.

 

Both institutional and individual Investors will be able to trade on the crypto Platform of Boerse Stuttgart, which will offer almost the same features as its stock trading platform. i.e. order execution coupled with relevant laws and open order books.

 

Boerse Stuttgart also needs a regulatory approval in order to provide multilateral trading facility (MTF) for its crypto trading marketplace. MTF is a trading system that permits matching buyers and sellers of financial instruments with the use of electronic systems.

 

The stock exchange first let out its plans to launch a crypto trading platform as well as an ICO token trading in August. They also had plans to launch Bison (a trading app) and custody service for cryptocurrencies.

 

Back then, the firm revealed that Sowa Labs, a subsidiary of Boerse will be launching the trading app as will be offering trading for free, during the launch.
 

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