It’s no surprise that the popularity of the crypto market catching the eyes of those that have dealt with traditional market trading. The latest report unveiled that Germany’s second-largest stock exchange, Stuttgart Stock Exchange has launched a regulated bitcoin trading platform.
Per the reports, the new bitcoin trading platform by Stuttgart Stock Exchange has enabled the BTC trading for German investors. However, the Digital Exchange of the Stuttgart Stock Exchange (BSDEX) has become the country’s first fully regulated platform that currently opened its trading avenue for Bitcoin (only), the world’s first cryptocurrency trading at $9738 against USD.
Initially, the platform is available for limited clients but the exchange said that it will allow more individuals and institutional investors in the near future. To make the new platform runs smoothly without any technical error, BSDEX opts Boerse Stuttgart Digital Exchange GmbH whose CEO Dr.Dirk Sturz said;
With cryptocurrencies, a billion-dollar market has emerged. Based on the blockchain, further digital assets will be established. For this, we want to build the leading European trading center.
With reference to Sturz’s comment, the CTO of the project Peter Grosskopf also elaborated his stance. He affirms that the revolutionary technology, blockchain will change the game of the financial industry. As there’s no third party such as broker involved in the process of trading at Stuttgart Stock Exchange’s BTC trading platform, it tends to catch the major attention of Germany’s crypto community.
Appreciating the move, Peter Grosskopf, the CTO of the project said that;
Private and institutional investors will have direct access to digital assets through BSDEX, which they can trade flexibly and at relatively low cost. The blockchain will change the financial industry sustainably. We are picking up on the technology trend and building the trading center of the future.
Image Source – Flickr
Notice: Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. Authors may own the crypto currency they discuss. The information and content are subject to change without notice. Visionary Financial and its affiliates do not provide investment, tax, legal or accounting advice. This material has been prepared for informational purposes only and is the opinion of the author, and is not intended to provide, and should not be relied on for, investment, tax, legal, accounting advice. You should consult your own investment, tax, legal and accounting advisors before engaging in any transaction. All content published by Visionary Financial is not an endorsement whatsoever. Visionary Financial was not compensated to submit this article Please also visit our Privacy policy; disclaimer; and terms and conditions page for further information.
