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The second largest stock exchange in Germany, the Boerse Stuttgart Group, is ready to launch a cryptocurrency trading platform in the first half of 2019.
L & # 39; Company announced On Wednesday he collaborated with a local fintech company solarisBank to create an engineering infrastructure for trade in digital goods. solarisBank, which operates under a banking license in the country, will also be Boerse's banking partner for the business.
"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," said Alexander Hoptner, CEO of Boerse Stuttgart.
Initially, bitcoin and ether trading will be enabled on the platform, with support for other scheduled tokens once its initial coin offering platform (ICO), which is also currently under development, will be published.
Both individual and institutional investors will be able to operate on the Boerse Stuttgart cryptographic platform, which will offer similar functionality to its equity trading platform. This includes the opening of order books and the execution of orders in accordance with the relevant laws.
Boerse Stuttgart is also seeking regulatory approval to offer a multilateral trading facility (MTF) for its encryption market. MTF is a type of trading system that allows you to compare buyers and sellers of financial instruments using electronic systems.
The bag first revealed plans to launch platforms for encrypted token and ICO negotiation in August of this year, as well as a Bison call app and custody services for cryptocurrencies. The trading app will be launched by the Boerse subsidiary, Sowa Labs, and will offer paid trading at launch, the company He said at the time.
Just yesterday, also SolarisBank collaborated with an initiation of Bitwala cryptographic payments to help them offer bank encryption services in the country.
Image of Boerse Stuttgart via Shutterstock
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