Germany’s second biggest stock trade, the Stuttgart Börse, has uncovered plans to build up new platform for Initial Coin Offerings (ICO) and in addition a multilateral crypto trading venue, according Finextra.
The German bourse, which had an exchanging volume of EUR 81 billion (about $95 billion) over all asset classes in 2017, had had already this May unveiled a model of its zero-fee crypto exchange app, dubbed “Bison,” slated to be released in September. Presently the bourse is setting its focuss on the primary and secondary markets by creating both an ICO platform and a multilateral, regulated crypto trading venue.
As indicated by Finextra, Alexander Höptner, CEO at Börse Stuttgart, said that the move to create crypto exchanging platform is a reaction to
demand from both retail and institutional investors for a regulated and reliable environment for trading with cryptocurrencies… At the exchanging scene tokens issued through our ICO stage can be exchanged on the optional market. This is an essential achievement factor for ICOs.
Alexander Höptner added that the bourse aims to provide “central services along the value chain for digital assets, all under one roof,” and is hence developing a full service infrastructure that will incorporate safe solutions for digital assets and established cryptos (Bitcoin and Ethereum).
