Major stock exchange in Germany to launch trading platform for cryptocurrencies

Major stock exchange in Germany to launch trading platform for cryptocurrencies.

Image source: Shutterstock / Trijo News

Christian Ploog

christian.ploog@trijo.co

One of the largest stock exchanges in Germany is planning to launch a trading platform for cryptocurrencies in 2019.

Börse Stuttgart was founded in 1860 and is Germany’s second largest securities exchange. In August this year, it was reported that they were planning to launch an ICO platform.

On Wednesday, the exchange announced that they intend to launch a trading platform for cryptocurrencies sometime during the first half of 2019, Coindesk reports.

“A great partner”

It is the German fintech company Solarisbank who is responsible for the construction of the platform. The company also has a bank license and will act as a banking partner for Börse Stuttgart.

“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”, says Alexander Hoptner, CEO of Börse Stuttgart”, in a press release.

Starts with bitcoin and ethereum

Those who will be able to trade on the platform are both individual and institutional investors.

Initially, it will be possible to trade bitcoin and ethereum on the platform, but the plan is to release more tokens as soon as their ICO platform is ready for launch, Coindesk writes.

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