SolarisBank and Stuttgart Exchange Group are jointly developing infrastructure for a cryptocurrency exchange, Cointelegraph Germany reports Dec. 12.
The Stuttgart Exchange, founded in 1860, is the second-largest stock exchange in Germany and the ninth-largest in Europe.
This news goes along with the plans announced by the exchange in May to release a zero-fee cryptocurrency trading application.
The two companies' crypto exchange, "Which is scheduled to launch in the first half of 2019," will have SolarisBank acting as the exchange's banking platform.
Roland Folz, the CEO of SolarisBank, declared that "a reliable and efficient trading platform is an elementary contribution to [their] vision of a hybrid financial world with both fiat and cryptocurrencies."
The press release notes that Bitcoin and Ethereum will be available for trading on the exchange by both retail and institutional investors.
An ICO platform, which had been announced in August, is under development for the exchange.
As Cointelegraph reported in April, VPE WertpapierhandelsBank AG, a German securities trading bank, has also partnered with SolarisBank.
The partnership's objective is to launch a cryptocurrency trading service for institutional investors.
Using SolarisBank's banking license, euro funds will be protected up to an amount of 100,000 euros and will be supervised by Germany's two banking regulators: BaFin and Bundesbank.
Germany's Second-Largest Stock Exchange and SolarisBank Partner to Launch Crypto Exchange
gepubliceerd op Dec 12, 2018
by Cointele | gepubliceerd op Coinage
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