The German stock exchange is planning to introduce cryptocurrencies to the offer

Börse Stuttgart, the second-largest stock exchange in Germany in terms of turnover, said it plans to expand its offer to include a cryptocurrency exchange platform. The project is expected to start in the next 6 months.

Krypto-YES, or crypto-NO?

The German cryptocurrency exchange is to be created thanks to cooperation with a local fintech - solarisBank. It is this entity that is to develop the entire infrastructure and platform that will enable market participants to trade virtual coins.

Alexander Hoeptner, Managing Director of Börse Stuttgart:

"Thanks to the combination of technology and banking experience, SolarisBank is a great partner offering centralized services and quality necessary in the world of cryptocurrencies. The Blockchain Factory product will allow us to move the trade on cryptocurrencies and tokens to the next level and set better standards throughout the industry. "

They will get to the first "fire" Bitcoin i Ethereum, the two most liquid and popular cryptocurrencies in the world. In addition, independent trading will be launched as part of the ICO platform, where new virtual coins will be issued. At the moment, the stock market is waiting for the last regulation issue to be able to function as multilateral trading system for financial instruments (MTF), which has the ability to associate buyers and sellers of financial instruments within electronic systems.

Will the project succeed? There are still plenty of supporters of cryptocurrencies, believing that they are an inevitable future. On the other hand, recent events on the virtual currency market are quite doubtful. A strong sell-off on Bitcoin, which always follows the other popular cryptocurrencies, results in the closure of some non-based businesses (read: Hedge funds based on cryptocurrencies close the interest). Recently also British Tickmill broker informed about the withdrawal from his offer CFD based on Bitcoin.