BSDEX Introduces Ethereum, Litecoin And XRP trading
Boerse Stuttgart Digital Exchange (BSDEX) is Germany’s first regulated trading venue for digital assets. In addition to the Bitcoin-Euro pair, BSDEX has now introduced trading of Ethereum, Litecoin and XRP against Euro. Another new feature is the possibility to transfer Ethereum, Litecoin and XRP from a private wallet to BSDEX. Deposits and withdrawals of the tradable cryptocurrencies are free of charge at BSDEX.
BSDEX meets the regulatory requirements in accordance with section 2, paragraph 12 of the German Banking Act (Kreditwesengesetz) and is operated as a multilateral trading facility by Baden-Wuerttembergische Wertpapierboerse GmbH, which also is the operating company for the public stock exchange in Stuttgart. The technical operator of BSDEX is Boerse Stuttgart Digital Exchange GmbH, a joint venture of Boerse Stuttgart GmbH, Axel Springer SE, finanzen.net GmbH and SBI Crypto Investment.
“We are continuously screening for which cryptocurrencies we can offer reliable and transparent trading at BSDEX. After Ethereum, Litecoin and XRP, further cryptocurrencies and, in the future, other digital assets will follow,” says Maximilian von Wallenberg, CEO of Boerse Stuttgart Digital Exchange GmbH.
Trading at BSDEX is almost 24 hours, seven days a week. Open order books provide information about existing orders and the current market situation. In addition, financial services provider EUWAX AG, a subsidiary of Boerse Stuttgart GmbH, increases liquidity by providing buying and selling prices. At BSDEX, there are transaction fees based on the type of order. blocknox GmbH, a subsidiary of Boerse Stuttgart Digital Ventures GmbH, takes care of the custody of cryptocurrencies for investors at BSDEX on an escrow basis and free of charge.
What will happen to Bitcoin prices when supply is halved?
APEX:E3, a cloud-based platform for digital assets, seeks to expand into traditional finance.
Trading systems need to be in place for crypto to take the next step, Horizon Software writes.
Benoît Cœuré and Jon Cunliffe are co-chairs of the new group.
EEA pursues Ethereum-based enterprise technology best practices, and open standards.