Boerse Stuttgart Digital Exchange Now Trades Ethereum, Litecoin and XRP Against Euroby Fintechnews Switzerland October 16, 2020
Boerse Stuttgart Digital Exchange (BSDEX), Germany’s first regulated trading venue for digital assets launched in September, 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 the German Banking Act (Kreditwesengesetz) and is operated as a multilateral trading facility by Baden-Wuerttembergische Wertpapierboerse, which also is the operating company for the public stock exchange in Stuttgart.
The technical operator of BSDEX is Boerse Stuttgart Digital Exchange which is a joint venture of Boerse Stuttgart, Axel Springer, finanzen.net 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 BSDEX.
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, increases liquidity by providing buying and selling prices.
At BSDEX, there are transaction fees based on the type of order. blocknox, a subsidiary of Boerse Stuttgart Digital Ventures, takes care of the custody of cryptocurrencies for investors at BSDEX on an escrow basis and free of charge.
Featured image credit: BSDEX