German Stock Exchange Giant to Launch Crypto Trading

One of the second-largest stock exchange, in Germany and the 9th major in Europe Boerse Stuttgart in a statement stated that it plans to present a cryptocurrency trading stage by the second quarter of 2019.

Alexander Höptner, the CEO of Boerse Stuttgart GmbH, stated:

“With its combination of technology and banking expertise, solarisBank is a great partner for us to offer convenient services along the value chain for digital assets. solarisBank’s Blockchain Factory supports us in taking trading in cryptocurrencies and tokens to the next level and in setting new standards in transparency and reliability.”

Boerse Stuttgart In the forthcoming months will do a partnership deal with solarisBank to invent an end-to-end organization for crypto, letting investors in the public market do transactions in regards to digital assets. The development of a cryptocurrency trading platform by Boerse Stuttgart comes in a time during which digital asset exchanges in Europe are starting to record decent volumes that are sufficient compete against established markets.

Currently, apart from regulated fiat-to-crypto trading platforms such as Bitstamp, the European market already has several publicly-traded investment vehicles that allow accredited individual and institutional investors to invest in.

At the time, Amun CEO and co-founder Hany Rashwan said that the company might consider expanding to other regions in the long-term, adding:

“We believe Switzerland to be the best jurisdiction for our base and intend, after launching our initial products on the SIX Swiss Exchange, to both additional launch products as well as dual-list across additional geographies and stock exchanges.”

BitMEX Research, incidentally, said that hash power on both chains is “likely to be rented” and that the two sides have collectively generated as much as nearly $5 million in gross losses as of the time of writing. So much for market manipulation.

As an aside, given the ease with which hash power can be rented and directed at whichever chain the lessee chooses, perhaps BSV should reconsider their accepted governance model. But that’s a discussion for another time.

Blockchain ecosystems are composed of a variety of different stakeholders, each of whom contributes to the success or failure of the network. In Proof-of-Work (PoW) cryptocurrency ecosystems, miners serve a crucial function, but they are not the only stakeholder and cannot unilaterally dictate terms to the other interested parties.

Miners can throw their weight in one or the other direction to try to tip the scales in that direction, but users decide what chain they will use, providing crypto exchanges, infrastructure providers, and yes, miners, with an economic incentive to respond to their wishes. Presently, apart from regulated fiat-to-crypto trading platforms such as Bitstamp, the European market already has several publicly-traded investment vehicles that allow accredited individual and institutional investors to invest in.