Germany’s Major Stock Exchange Announces Cryptocurrency Infrastructure
Boerse Stuttgart announces that it will be launching an ICO platform, a trading venue, and custody for cryptocurrencies and related services. With already BISON crypto-trading app, scheduled to launch this autumn Germany’s second largest stock exchange continues to embrace cryptocurrency.
In a recent announcement, Boerse Stuttgart shared that they will be developing an ‘end-to-end infrastructure for digital assets’.
“In addition to BISON, there will be an ICO platform, a trading venue and custody for cryptocurrencies // services along the value chain are offered under one roof. Boerse Stuttgart Group is creating an end-to-end infrastructure for digital assets. After the start of cryptocurrency trading via BISON, there will soon be a platform for initial coin offerings (ICOs), a multilateral trading venue for cryptocurrencies as well as solutions for safe custody. Boerse Stuttgart Group thus continues to pursue its digitization strategy and is becoming a pioneer for the digital transformation of financial markets and financial products.”
Alexander Höptner, the CEO of Boerse Stuttgart GmbH, entrusts the group’s knowledge, experience, and expertise in the fields of technology, regulation, and trading models to create a successful infrastructure that will complement their BISON app.
“On this basis we can offer central services along the value chain for digital assets, all under one roof. Investors and market participants know that Boerse Stuttgart Group stands for quality, transparency and reliability. As a Germany-based provider we want to transpose this standard into the digital world. We will help to promote acceptance of digital assets.”
Soon to be launching BISON app is said to be a direct competitor to the Robinhood trading app in that it has zero trading fees and was one of the first crypto exchanges to be created by a retail investment exchange. BISON is the first app in the world that will be backed by a traditional stock exchange, it will facilitate market access and allow free and secure trading of cryptocurrencies. The app will support trading in Bitcoin, Ethereum, Ripple, and Litecoin to begin with.
The ICO platform will extend the group’s activities to the primary and secondary markets by allowing the issuance of digital tokens for a variety of purposes. Explaining the platform further, Alexander Höptne says:
At the trading venue tokens issued via our ICO platform can be traded on the secondary market. This is an important success factor for ICOs. At the same time we are responding to demand from both retail and institutional investors for a regulated and reliable environment for trading with cryptocurrencies,’ Höptner adds ‘In designing the strategic projects we closely cooperate with all competent boards and committees, and especially with the supervisory authorities,’
With the news of the owner of the New York Stock Exchange launching a Bitcoin trading market coinciding with this one, the crypto market attracts more and more attention.
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