Ripple (XRP) is one of the main cryptocurrencies that will be listed on a new trading platform of Stuttgart Stocks, the second largest stock exchange in Germany. The grant announced its plans to offer support for Bitcoin, XRP, Ethereum and Litecoin soon. Here, it is pertinent to mention that the beta testing phase for this cryptocurrency support will start in January 2019. Europeans are pleased to hear the news that the ninth largest European stock exchange will offer support for these major cryptocurrencies.
Most cryptographers believe that this cryptographic support for the second largest German stock exchange will prove to be a turning point for cryptocurrencies in Europe. Earlier, in April 2018, CCN reported that Sowa Labs was planning to launch the world's first cryptographic application that would be supported by a traditional stock exchange. It should have been launched in September 2018. But the fall in cryptocurrency prices and the increase in regulations against these caused the delay. Now, the company has announced through its official Twitter account that will start with BTC, ETH, LTC and XRP.
The bag also has plans to add support for more cryptocurrencies step by step. Users will have to go through a simplified ID verification process to exchange these cryptocurrencies. This ID verification process will be completed in a few minutes. Here, it is important to mention it KYC verification takes a few days on almost all platforms. There would also be a Crypto radar tool in this application that will keep users informed about the various trends in the world of cryptocurrencies. He would have the ability to analyze 250,000 tweets at a time to judge the sentiment of the market.