Crypto currencies are traded for the first time on the Stuttgart stock exchange (BSDEX).
The Stuttgart Stock Exchange (BSDEX) starts trading with crypto-currencies and is thus the first regulated trading place for digital assets in Germany, where orders from investors are executed directly and according to fixed rules against each other.
Volker Heun, CEO of CRYCO AG, the market leader for an asset mix of crypto currencies and gold, points this out.
The trading orders are matched directly with other market participants. The first step will be to start with selected users who can trade Bitcoin in euros and vice versa. After that, the exchange wants to gradually open up for further crypto currencies. Not only established crypto values such as Bitcoin, Ethereum, Ripple or IOTA are to be considered, but also crypto tokens.
At the beginning, investors can set market and limit orders. Further order opportunities are to be added in the near future. Open order books provide information about existing orders and the current market situation. The BSDEX meets the regulatory requirements according to § 2 paragraph 12 of the German Banking Act.
Volker Heun of CRYCO AG sees the trading of crypto currencies on a German stock exchange as a further positive signal that Bitcoin and Co. are becoming an increasingly important component in the financial world and are thus gaining more and more acceptance among investors.