Reserved IP Address°C
04-25-2025
BSV
$31.27
Vol 25.92m
1.89%
BTC
$93729
Vol 31389.38m
0.18%
BCH
$355.31
Vol 284.96m
-1.58%
LTC
$84.1
Vol 368.17m
0.28%
DOGE
$0.18
Vol 1569.87m
2.71%
Getting your Trinity Audio player ready...

Börse Stuttgart will set up a new trading venue that allows the exchange of tokens from initial coin offerings (ICOs) it will host, in addition to other established cryptocurrencies, according to reports.

Börse Stuttgart is considered to be the second largest stock exchange in Germany. Now, it is eyeing to expand its crypto-related investments and has announced intentions to create a “multilateral regulated trading venue” for cryptocurrencies. It also intends to develop a new platform for conducting ICOs.

Earlier this year, the exchange said that it was developing a new cryptocurrency trading app called Bison. Bison is expected to offer free access to crypto investment and the German version is scheduled to be released this fall, followed by an English version soon after.

Finextra reported that Börse Stuttgart now wants to extend its crypto-related activities to the primary and secondary markets. This will mean creating an ICO platform that will allow the issuance of digital tokens, which will be used for either corporate financing or to represent assets and rights. The coins of the hosted ICOs will be traded in parallel with leading decentralized cryptos, and the exchange is also preparing to establish the regulated trading venue.

The chief executive officer of Börse Stuttgart, Alexander Hoptner, said that all this will allow the exchange to offer “central services along the value chain for digital assets, all under one roof.” The stock exchange’s announcement comes on the heels of last year’s establishment of a “Digital Ventures” unit and the subsequent acquisition of local data analytics startup Sowa Labs.

After Frankfurter Wertpapierborse, Börse Stuttgart is the second largest stock exchange in Germany and the ninth largest in Europe. Cryptocurrencies and the related industry has been treated carefully by Germany so far. Cryptos in the Bundesrepublik are not subject to VAT when exchanged with fiat and are exempt from capital gains tax.

Recommended for you

Turkey unveils AI-powered terrorism classification tool
Turkey's CBS Organizational Prediction Project will automatically classify individuals with links to terrorist groups with minimal human interference.
April 25, 2025
Catch up with PeerGame: Web3 iGaming made simple
Margie Dobrowolski provides brief but detailed updates on PeerGame and its potential to transform the iGaming community in the world...
April 24, 2025
Advertisement
Advertisement
Advertisement