Börse Stuttgart Group, Germany’s second-largest stock exchange, will launch a cryptocurrency trading platform in 2019.
The launch is another milestone in a flurry of institutional activity around bitcoin and cryptocurrencies. Nasdaq is currently preparing a bitcoin futures trading platform for early 2019 and the long-awaited Bakkt platform is set to launch in January.
The German stock exchange has partnered with solarisBank, a fintech company, to facilitate the trading platform.
Bitcoin and ether will be available to trade at the launch, but other tokens will follow shortly after. Boerse is targeting both individual and institutional investors, and the platform will look familiar to those who have traded stocks on the Boerse exchange.
As the accompanying press release explains: “The crypto trading venue is open to both private and institutional investors and facilitates order opportunities comparable to securities trading.”
A fee-free trading app and custody services are set to follow shortly after.