Boerse Stuttgart Group to launch trading platform for cryptos in 2019

Posted 13 December, 2018

Boerse Stuttgart Group, the top-2 stock exchange in Germany, reportedly unveiled plans to set up a crypto trading platform in cooperation with solarisBank in H1 2019.

The company stated in the report released on December 12:

"As a technology and banking partner, solarisBank supports Boerse Stuttgart Group in creating an end-to-end infrastructure for digital assets. Together with solarisBank, Boerse Stuttgart Group is developing the trading system for its crypto trading venue, which is set to launch in the first half of 2019."

As added CEO Boerse Stuttgart Group, the company believes it will be a good cooperation taking into account vast experience of solarisBank in the crypto banking and technology areas. Initially, the exchange is said to accept Bitcoin and Ethereum. In the long run, it is planned to add various tokens that may be issued via platform's own ICO service.

"Once the ICO platform of Boerse Stuttgart Group, which is currently being developed, has gone live, tokens issued there will also be available for trading in the secondary market," reads the press release.

The trading service will be offered to both retail and institutional investors. The platform will feature open order books and inquiry processing to comply with the legal frameworks.

Along with this abovementioned project, Boerse Stuttgart Group is waiting for the multilateral trading facility approval, with which it will be able to compare inquiries of buyers and sellers via electronic systems.

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