Boerse Stuttgart Launches Regulated Digital Exchange
Germany’s second-largest stock exchange, Boerse Stuttgart Group, has launched its trading venue for digital assets, BSDEX.
The Boerse Stuttgart Digital Exchange (BSDEX) has launched for select users in Germany.
Fully regulated under the German Banking Act
In a Sept. 23 news release, the Boerse Stuttgart Group — Germany’s second-largest stock exchange — announced that trading has begun.
The exchange, which is regulated under the German Banking Act, will initially allow users to trade the euro/Bitcoin (BTC) pair.
BSDEX will gradually open up its trading venue to other retail and institutional investors, eventually followed by the entire European Union. Dirk Sturz, the CEO at BSDEX, added:
“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.”
Boerse Stuttgart has also partnered with an external banking partner, SolarisBank AG, which will process euro payments and provide fiat custodial services.
Making crypto more accessible
In January, Cointelegraph reported that Boerse Stuttgart Group had officially launched its crypto-trading app Bison. The software is designed to make cryptocurrencies more accessible for investors who are accustomed to traditional markets.