SolarisBank & Stuttgart Exchange Join To Launch Crypto Exchange
In order to develop a virtual currency exchange, SolarisBank has decided to sign a partnership with the Stuttgart Exchange Group. The decision taken by the Stuttgart Exchange relates to the intention to release the Bison crypto- trading app.
The Stuttgart Exchange is the country’s second largest and Europe’s largest. This new cryptocurrency exchange will be launched in the first half of 2019, and SolarisBank will operate as the exchange’s banking platform.
The two main virtual currencies to trade will be Ethereum( ETH) and Bitcoin( BTC). It is important to note that these assets will be accessed by both institutional and retail investors. At the same time, there is a platform designed specifically for initial coin offers (ICOs). The tokens listed on this platform will be available for secondary market trading.
SolarisBank has a cryptocurrencies-related initiative called the Blockchain Factory. Bank customers will have access to banking services designed specifically for blockchain and crypto companies. Two supervisory authorities, the BaFin and the Bundesbank, will also supervise the processed operations.
This shows that many customers are genuinely interested in blockchain technology and cryptocurrencies. This will also help customers to access virtual currencies in a regulated and predictable manner. Germany is trying to continue to play an active role in Europe’s highly competitive crypto market.
Berlin is one of the cities in which a large number of crypto companies already work.