According to a December 12 press release, the German stock exchange Börse Stuttgart has partnered with Berlin-based FinTech company solarisBank to set up the launch of a cryptocurrency trading platform in the first half of 2019. solarisBank, which holds a German banking license, will also operate as the firm's banking partner for the project.
The exchange will be open for both private and institutional investors and will facilitate order opportunities comparable to securities trading. The open order books will provide updated information about the current market situation. The firm also plans to regulate the exchange as a multilateral trading facility (MTF), which allows both buyers and sellers to deal in financial instruments that may not have an official market.
The release also mentions that trading options for both bitcoin and Ethereum will be available at launch. Once the firm has launched the ICO that it announced in August, tokens issued there will also be available for trading.
Along with the August ICO release, in May, ETHNews covered Börse Stuttgart's reveal of its crypto exchange app, BISON. According to its website, the app does not charge trading fees, and uses a "cryptoradar" to analyze about 250,000 tweets from the crypto community every day and "shows you the mood of the most important cryptocurrencies."
Yesterday, the German blockchain banking firm Bitwala also announced that with help from solarisBank, it is now able to offer crypto-friendly bank accounts. The accounts will allow customers to "manage both Bitcoin and Euro deposits in one place with the safety and convenience of a German bank account." All Euro deposits of up to €100,000 will be protected, as per the German Deposit Guarantee Scheme.