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German second-largest stock exchange will launch cryptocurrency trading platform

Boerse Stuttgart Group, Germany’s second-largest stock exchange, is set to launch a cryptocurrency trading platform in the first half of 2019.

On December 12, the firm announced that it has partnered with a local fintech company solarisBank to create an engineering infrastructure for digital assets trading. solarisBank, which operates with a banking license in the country, will also be Boerse’s banking partner for the venture.

Initially, trading for Bitcoin and Ether will be enabled on the platform, with support for other tokens expected once its initial coin offering (ICO) platform – also currently under development – goes live.

Both individual and institutional investors will be able to trade on Boerse Stuttgart’s crypto platform, which will offer features similar to its stock trading platform. This includes open order books and order execution in compliance with relevant laws.

Boerse Stuttgart is also seeking a regulatory approval to offer multilateral trading facility (MTF) for its crypto trading marketplace. MTF is a type of trading system that allows matching buyers and sellers of financial instruments using electronic systems.

Yesterday Coinstelegram reported that online broker Monex Group will launch cryptocurrency trading in the United States in Q1 2019.