Following the start of trading platform for selected investors in September, Börse Stuttgart Stock Exchange (BSDEX) has now opened to all interested users with residence in Frg. Börse Stuttgart made its declaration in a press release on Dec., 6.

Trading venue open — under certain circumstances

Get-go of all, users will have to limit themselves to deposits and withdrawals too as trading bitcoins against euros. In the future, BSDEX will also list other cryptocurrencies and digital assets like security tokens.

Users volition take to prove their identity digitally and fulfill certain requirements. To connect straight to BSDEX, users must concur a German bank account and exist at least eighteen years erstwhile, resident in Germany and a national of a country in the European Economical Area (EEA).

First regulated token trading platform in Germany

BSDEX meets the regulatory requirements implemented by the German language Cyberbanking Act (Kreditwesengesetz). The exchange operates as a multilateral trading facility under Baden-Wuerttembergische Wertpapierboerse GmbH, which is also the operating visitor for the public stock substitution in Stuttgart.

This makes BSDEX the first regulated platform in Frg with a trading system that automatically combines buyers and sellers. Behind the BSDEX is a Gesellschaft mit beschränkter Haftung — a limited liability company — jointly founded by Börse Stuttgart, digital publishing titan Axel Springer and its subsidiary Finanzen.net. Together, Axel Springer and Finanzen.net control 30 pct of the new firm, which is to be based in Stuttgart and run an office in Berlin.

All customer balances of BSDEX are kept at the bank partner Solarisbank and are protected by statutory deposit insurance. 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 Deutschland

Deutschland's 2nd largest stock exchange, Börse Stuttgart, has shown great interest in blockchain applied science and cryptocurrencies. Customers accept been able to trade Bitcoin, Ether, Litecoin and XRP free of charge since the beginning of the yr via the Bison trading app launched by the company.

This week, Börse Stuttgart besides created a scientific informational lath for blockchain engineering science and tokenization.