The second-largest stock exchange in Germany, Boerse Stuttgart, has launched Boerse Stuttgart Digital Exchange (BSDEX), which is the Germany’s first regulated trading venue for digital assets.
"As of now, selected users in Germany can connect directly to the trading venue, where they can trade the Bitcoin-Euro pair initially. BSDEX will be opened up gradually to other retail and also institutional investors, who can register for it now," the company said on Monday.
The technical operator of BSDEX is Boerse Stuttgart Digital Exchange GmbH, a joint venture of Boerse Stuttgart GmbH, Axel Springer and finanzen.net.
"We believe blockchain is set to bring about significant changes in the financial industry, and we want to leverage its potential to create the trading venue of the future," Peter Großkopf, CTO at BSDEX, was quoted as saying in the press release.
"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," CEO of the company, Dirk Sturz added.
As reported, in May, Boerse Stuttgart added exchange-traded notes (ETN) based on the cryptocurrencies Litecoin (LTC) and Ripple (XRP,) tracking the price in relation to both the euro and the Swedish krona.
Meanwhile, the much-anticipated physically-settled Bitcoin futures trading platform Bakkt has finally launched today.