Boerse Stuttgart Group, Germany’s second-largest stock-exchange, is set to launch an online cryptocurrency tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details platform in the first half of 2019, according to a press release from the Boerse Stuttgart Group.
On Wednesday, December 12, the Boerse Stuttgart Group announced a partnership agreement with SolarisBank, a local financial and technical company. The partnership will be to create an engineering infrastructure for trading digital assets. As it became known, SolarisBank will also become Boerse's banking partner for creating an exchange platform.
"With a combination of innovative technologies and banking experience, SolarisBank is an excellent partner for us, offering centralized services for working with digital assets" – Alexander Hoptner, CEO of Boerse Stuttgart.
German cryptocurrency exchange: innovation and banking experience
Initially, trading on Bitcoin and Ether will be enabled on the platform. Support for other tokens is expected after the ICOICO
(Initial Coin Offerings) is an acronym, which means a primary currency offer. Details system is launched (it is currently under development).
As it was reported, institutional investors will be able to trade on the online exchange. Boerse Stuttgart will offer the functions of opening a book of orders and closing them in accordance with current German legislation.
Recall that the stock-exchange first announced its plans to launch a platform for crypto-trading and ICO tokens in August of this year. Also, in August, it announced a trading application called Bison, which can be used to store cryptocurrencies. The trading application will be launched by a subsidiary of Boerse Sowa Labs.
Boerse Stuttgart Group, the German stock-exchange, announced the imminent launch of a cryptocurrency exchange, but the exact start date of the platform was never announced.
Editor: Yulia Krasnaya