A German stock exchange is preparing to launch its crypto trading platform next year

Exchanges • December 13, 2018, 4:02PM EST
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Boerse Stuggart Group, the second largest stock exchange in Germany, announced on Wednesday that it is set to launch its crypto trading platform in the first half of 2019. The firm is partnering with solarisBank on the project, according to a press release. It will first offer trading of Bitcoin and Ethereum. As soon as its ICO platform, which is also in the works, goes live it will offer other tokens.

"The crypto trading venue is open to both private and institutional investors and facilitates order opportunities comparable to securities trading," the release said. "Open order books provide information about existing orders and the current market situation at all times." 

Count this as another sign that the market for cryptos is institutionalizing.

AUTHOR

Frank Chaparro profile picture Frank Chaparro

Frank Chaparro is Host of The Scoop podcast and Director of Special Projects. He also writes a biweekly newsletter. Chaparro started his career at Business Insider, where he specialized in the intersection of digital assets and Wall Street, market structure, and financial technology. Soon after joining Business Insider out of Fordham University, Chaparro was interviewing top finance and tech executives, including billionaire Mark Cuban, “Flash Boys” star Brad Katsuyama, Cboe Global Markets CEO Ed Tilly, and New York Stock Exchange President Tom Farley. In 2018, he become a sought after reporter in the crypto world, interviewing luminaries such as Tyler Winklevoss, the cofounder of Gemini, Jeremy Allaire, the CEO of Circle, and Fundstrat head Tom Lee. For inquiries or tips, email [email protected].

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