Boerse Stuttgart Launches Regulated Digital Exchange

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As of today, the newly launched Boerse Stuttgart Digital Exchange (BSDEX) is available to select users in Germany.

Fully regulated under the German Banking Act

In a Sept. 23 press release, the Boerse Stuttgart Group — Germany’s second-largest stock exchange — announced that trading has started on its newly launched digital asset exchange platform, Boerse Stuttgart Digital Exchange (BSDEX).

The exchange, which is regulated under the German Banking Act, will initially allow users to trade the euro/Bitcoin (BTC) pair.

BSDEX is currently available to a select group of German investors only, but will gradually open up its trading venue to other retail and institutional investors, eventually followed by the entire European Union, the exchange noted. Dr. 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.

Boerse Stuttgart launched crypto trading app

In January, Cointelegraph reported that Boerse Stuttgart Group officially launched its crypto-trading app Bison. The developers’ reported aim in making the app was to ease access to cryptocurrencies for investors that are accustomed to using traditional markets.