The newly launched Boerse Stuttgart Digital Exchange (BSDEX) is available to select users in Germany.
Via a September 23rd press release, the Boerse Stuttgart Group which is 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 allow users to trade the euro/Bitcoin (BTC) pair.
The platform is currently available to a selected group of German investors only, but will gradually open up its trading venue to other retail and institutional investors.
Dr. Dirk Sturz, the CEO at BSDEX said:
“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.