SolarisBank has recently planned to sign an agreement with the Stuttgart Exchange Group so that it could create a virtual crypto exchange. The info was revealed on the company website I a press release by SolarisBank on December 13, 2018.
The decision that was taken by the Stuttgart Exchange is related to the intention of releasing a crypto trading app called Bison. The Stuttgart Exchange is the second-largest in the country and one of the largest in Europe.
This new cryptocurrency exchange is scheduled to launch during the first half of 2019 and SolarisBank will be working as the banking platform of the transaction. The main two virtual currencies to be available for trading are going to be Ethereum (ETH) and Bitcoin (BTC). It is significant to indicate that both institutional and retail investors will have access to these assets.
“The Stuttgart Stock Exchange and solarisBank share the claim to shape the future of the financial sector. In our shared vision of a hybrid financial world, with both Fiat and cryptocurrencies, a reliable and efficient trading center is a vital contribution. We are delighted that Börse Stuttgart sees their partner of choice in our Blockchain Factory with Peter Grosskopf and Michael Offermann, says Roland Folz, CEO of solarisBank.
On the other hand, as per Alexander Höptner, CEO of Boerse Stuttgart GmbH 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 helps us to take the trade in cryptocurrencies and tokens to a new level and set standards in transparency and reliability.
This displays that there is real attention in cryptocurrencies and blockchain technology in numerous clients. Also, this will aid customers to have entry to cryptocurrency exchange in a predictable and regulated method. Germany is preparing to be a dynamic player in the actual modest cryptocurrency market in Europe. Berlin, on the other hand, is one of the cities where a significant amount of cryptocurrency firms are situated and already working.
Boerse Stuttgart is the first trading floor situated in Germany. It is a Pvt Investor exchange, and the Private investors can trade stocks, securitized derivatives, bonds, funds, ETFs and contribution certificates in Stuttgart – with the uppermost excellence of implementation and the finest prices. Stuttgart is the marketplace front-runner in Germany for on-exchange trading in European market and business bonds leader in securitized byproducts. The mixture marketplace perfect of the Stuttgart Stock Exchange comprises experts of trade in electronic exchange. If essential, they offer extra fluidity and safeguards reliable and quick order implementation for transparency and investor protection, every control and regulatory mechanisms of a public-law exchange.
The solarisBank allows firms to provide their commercial products. Founders of solarisBank can get entry not only the solarisBank products in the area of expenses, loaning and fractional banking but also facilities of 3rd party suppliers combined on the stand through API connection to the platform. It is a Berlin-based firm and was established in 2016 and are run by CEO Roland Folz, board members Jörg Diewald, Marko Within and Andreas Bittner, as well as CFO Alexander Engel and CPO Jorg Howein. In all, famous investors like BBVA, Visa, Lakestar,