The second largest stock exchange in Germany, Boerse Stuttgart, is planning to implement a new crypto trading platform that would change the face of the German crypto industry. It seems that the German exchange is seriously considering moving into crypto with the latest news that is currently doing the rounds.
As the crypto industry across Europe moves forward in leaps and bounds, traditional stock exchanges wishing to launch a new crypto trading platform is exciting stuff, especially when it comes from a massive German exchange.
New crypto trading platform for Germany
Historically speaking, Germany has always been right on the cutting-edge of the financial and economic markets, and with the news that the German stock exchange giant, Boerse Stuttgart, is serious about launching a new crypto trading platform, Germany is perched for similar domination in the cryptocurrency markets.
Boerse Stuttgart is planning to set up a crypto trading venue that will allow ICO tokens to be exchanged, alongside other well-established cryptocurrencies. As part of the plan, custodial services will also be available, which is great news for those seeking a reliable crypto vault to store their digital assets to protect them against crypto theft.
The second largest stock exchange in Germany is now expanding into crypto, recently announcing its need to create a “multilateral regulated trading venue” for crypto. They are also discussing whether or not to develop a new platform for initial coin offering (ICO) projects.
This is not the first time that Boerse Stuttgart has shown interest in crypto, as earlier this year the stock exchange talked about how it was developing a crypto trading app named Bison that is currently being designed.
German stock exchange and its crypto-related activities
The new plans to create a crypto trading platform are a tactic by the stock exchange to move into crypto-related fields that are linked to the primary and secondary markets. The news is that Boerse Stuttgart are developing an ICO platform that will also be used for corporate financing and will allow the issuing of digital tokens,
The idea is to create a crypto trading platform with regulations that will host ICO projects that can be traded in tandem with the major cryptocurrencies such as bitcoin and ether.
Another part of the expansion will include a custodial storage service for digital assets. One of the major problems the crypto markets have been experiencing are hacking and crypto theft, all of which are on the rise in 2018. This has seen investors, and especially crypto holders, looking for reliable storage and custodial services to keep and protect their digital assets.
Boerse Stuttgart is a respected financial institute, and if you needed to store your digital assets with a reputable company, this is one of the most reliable in the world. The stock exchange is the second largest in Germany, behind Frankfurter Wertpapierbörse, and is the ninth largest on the European continent.
Although most German financial institutes have been very reserved on entering the crypto markets, it seems that the new plan from Boerse Stuttgart to create a crypto trading platform is a positive move that will boost confidence for potential crypto investors in Germany.
I am very experienced writer/blogger who has been an active member of the cryptocurrency community for several years. I have experience writing for crypto news sites and proactively been involved in the startup of other ICO and crypto ventures over the course of the past four years.