NEWSBitcoin NewsEthereum NewsExchanges

Germany’s 2nd Largest Stock Exchange to Launch a Crypto Exchange by Q2 2019

Germany’s Boerse Stuttgart Group, in collaboration with solarisBank, is developing the system for a crypto trading platform that is set to launch in the first half of 2019. According to the announcement by Boerse Stuttgurt Group, solarisBank will provide the exchange with the necessary banking services.

Alexander Höptner, CEO of Boerse Stuttgart GmbH, had this to say about the new venture.
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. solarisBank’s Blockchain Factory supports us in taking trading in crypto currencies and tokens to the next level and in setting new standards in transparency and reliability.
Roland Folz, CEO of solarisBank, added the following:
Boerse Stuttgart Group and solarisBank share the ambition to shape the future of the financial industry. A reliable and performant trading venue is a fundamental contribution to our shared vision of a hybrid financial world with both fiat and crypto currencies. We are very pleased that Boerse Stuttgart Group chose our Blockchain Factory around Peter Grosskopf and Michael Offermann as its trusted partner

Possible ICO Platform

The team at Boerse Stuttgart will first be offering the trading of established cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). There is also an ICO platform being developed that will allow for the trading of issued tokens. It is not clear if the tokens will be treated as securities or continue being traded as cryptocurrencies.
Private and institutional investors will be able to trade on the platform that will also have open order books to provide real-time information about existing orders. This will in turn give a clearer view of current market situations at all times. The new trading venture is seeking to be regulated as a Multilateral Trading Facility (MTF).

About Borse Stuttgart and solarisBank

Borse Stuttgart is the second largest stock exchange in Germany. The firm offers the trading of traditional investment assets such as equities, securitised derivatives, bonds, investment fund units and profit participation certificates. Boerse Stuttgart is ranked tenth among European exchanges with a trading volume of € 81 billion across all asset classes in 2017.

SolarisBank is the first Banking-as-a-service platform. It has a full banking license and allows companies to offer their own financial products through them. Founded in 2016, the bank provides a highly developed ecosystem for fintechs, companies, banks and corporations.
What are your thoughts of a new crypto exchange by a major leading stock exchange in Europe? Please let us know in the comment section below. 
About author

Crypto Enthusiast. Terrible dancer. Former DJ. Amateur Marathoner. Electrical Engineer. Kool kat. Email me at john@ethereumworldnews.com
Sign up for our Newsletter