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German Exchange Boerse Considers a Crypto Trading Platform

Maya Mandzikasvili | Dec. 14, 2018
German Exchange Boerse Considers a Crypto Trading Platform

December 14, 2018 | AtoZ Markets-Recently, Boerse Stuttgart, the second-biggest stock exchange in Germany released an official statement. The announcement stated, that the ninth-largest in Europe German stock exchange plans to introduce a crypto trading platform by the second quarter of 2019.

Boerse Stuttgart will collaborate with solarisBank

Alexander Höptner, the CEO of Boerse Stuttgart shared some details about the future plans of the stock exchange. In the partnership with solarisBank, Boerse Stuttgart will offer central services along the value chain for digital assets. solarisBank is a Berlin-based fintech company offering banking as the platform services with its German banking license.“solarisBank’s Blockchain Factory supports Boerse Stuttgart in taking trading in cryptocurrencies and tokens to the next level” Höptner added. During next months Boerse Stuttgart in collaboration with Berlin-based fintech company will establish an infrastructure for cryptocurrencies letting investors to trade digital assets.

How the New Stock Will Impact Europe?

Through the past five years markets in Singapore, South Korea, and Japan have become the largest cryptocurrency exchanges in terms of volume and the value of startups based in the three countries, just behind the U.S. According to one of the global cryptocurrency market data providers less than a year ago most of major cryptocurrencies like Bitcoin and Ethereum volumes have had concentrated in Japan, South Korea, and the United States. On the contrary to their Asian competitors Europe has struggled to compete with markets that were rapidly establishing the infrastructure around cryptocurrencies. However, over the past few months, the situation has changed, and the euro (EUR) trading pair has begun to make up a fair share in both Bitcoin and Ethereum’s volumes. It is assumed that the G20 call to regulate the cryptocurrency and the open position of such European countries as the UK and France contributed to such changes. Aside from monitored trading platforms like Bitstamp allowing to exchange fiat-to-crypto, the European market has several publicly-traded investment platforms allowing certified individuals and institutional investors to invest in. Nasdaq Stockholm listed a Bitcoin exchange-traded note (ETN) in 2015, which billionaire investor Mark Cuban invested in Bitcoin with. A month ago the Swiss Exchange SIX authorized a new fintech Amun to operate the first crypto Exchange Traded Product (ETP)that tracks the price of five major cryptocurrencies in the market in Switzerland. Hany Rashwan the Amun CEO and the company co-founder talked about their plans to expand their activity to other regions in the long-term perspective. An Amun co-founder expressed his belief in Switzerland to be the best jurisdiction for their "base and intend" to" launch additional products across additional geographies and stock exchanges".

The crypto experts suggest that the contentious Bitcoin Cash could be the trigger that led the crypto market to suffer a brutal cash.However, analysts assume that with enough liquidity and volume the market might be able to absorb the event, preventing digital assets from falling by 80 to 99 percent. As the infrastructure around crypto strengthens with more regulated options for investors, the liquidity of cryptocurrencies will grow, possibly adding more stability to the asset class, as the experts suggest. 

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