June 19, 2024

Stuttgart Stock Exchange has opened access to the BSDEX platform for residents of Germany

Germany's second-largest stock exchange has opened up access to its regulated trading platformBoerse Stuttgart Digital Exchange (BSDEX) digital assets for all users in the country.

According to a press release, the site has been installedlimits for depositing and withdrawing funds, as well as trading bitcoin paired with the euro. In addition, by the end of this year, BSDEX plans to list ETH, LTC and XRP, and tokenization of traditional assets is planned for next year.

Users will need to confirm theirpersonality and fulfill certain requirements. For example, to connect to BSDEX directly, customers must have an account with a German bank, must be at least 18 years old, as well as be residents of Germany and citizens of the country in the European Economic Area.

BSDEX meets regulatory requirements,established by German banking law and acts as a multilateral trading platform managed by the Baden-Wuerttembergische Wertpapierboerse GmbH, which also operates the Stuttgart Stock Exchange.

This makes BSDEX the first adjustable platform inGermany. All customer funds are held by Solarisbank and are protected by mandatory deposit insurance. Other Boerse Stuttgart subsidiaries, such as blocknox GmbH, provide liquid trading and secure storage of digital assets.

Recall that the Stuttgart Stock Exchangelaunched the BSDEX platform for individual investors in September this year, and at the end of last month it became known that next year German banks may be allowed to sell and store crypto assets.