Major German Stock Exchange to Launch Crypto Trading Platform

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Germany's second-largest stock exchange, Boerse Stuttgart Group, is set to launch a cryptocurrency trading platform in the first half of 2019.

Wednesday that it has partnered with a local fintech company solarisBank to create an engineering infrastructure for digital assets trading.

"With its combination of technology and banking expertise, solarisBank is a great partner for us to offer central services along the value chain for digital assets," said Alexander Hoptner, CEO of Boerse Stuttgart.

Initially, trading for bitcoin and ether will be enabled on the platform, with support for other tokens expected once its initial coin offering platform - also currently under development - goes live.

Both individual and institutional investors will be able to trade on Boerse Stuttgart's crypto platform, which will offer features similar to its stock trading platform.

Boerse Stuttgart is also seeking a regulatory approval to offer multilateral trading facility for its crypto trading marketplace.

MTF is a type of trading system that allows matching buyers and sellers of financial instruments using electronic systems.

Its plans to launch platforms for crypto and ICO token trading in August of this year, as well as a trading app called Bison and custody services for cryptocurrencies.

The trading app will be launched by Boerse's subsidiary Sowa Labs and will offer fee-free trading at launch, the firm said.

With a crypto payments startup Bitwala to help them offer crypto banking services in the country.

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