Börse Stuttgart Digital Exchange Opens to All Users Based in Germany
Veronika Rinecker's original article for cointelegraph.com reduced by 70%
Following the start of trading platform for selected investors in September, Börse Stuttgart Stock Exchange has now opened to all interested users with residence in Germany. Börse Stuttgart made its announcement in a press release on Dec., 6.Trading venue open - under certain circumstancesFirst of all, users will have to limit themselves to deposits and withdrawals as well as trading bitcoins against euros. To connect directly to BSDEX, users must hold a German bank account and be at least eighteen years old, resident in Germany and a national of a country in the European Economic Area.First regulated token trading platform in GermanyBSDEX meets the regulatory requirements implemented by the German Banking Act.
The exchange operates as a multilateral trading facility under Baden-Wuerttembergische Wertpapierboerse GmbH, which is also the operating company for the public stock exchange in Stuttgart. Together, Axel Springer and Finanzen.net control 30 percent of the new firm, which is to be based in Stuttgart and run an office in Berlin. Further subsidiaries of the Börse Stuttgart, for example, blocknox GmbH, are to ensure liquid trading and secure storage of digital assets.
Börse Stuttgart as blockchain-pioneer in GermanyGermany's second largest stock exchange, Börse Stuttgart, has shown great interest in blockchain technology and cryptocurrencies.
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