Business 3 August 2018

Gerald Fenech

German stock exchange gears up for crypto, ICO tokens trading

Boerse 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.

Boerse 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 Boerse 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 Boerse 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, Boerse 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.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

COMMENT

latest news

‘Irresponsible tweets’ land John McAfee in hot water with Skycoin

Business 22 March 2019

‘Irresponsible tweets’ land John McAfee in hot water with Skycoin

Skycoin has responded on Twitter that it John McAfee’s comments about “whale f--king” that actually led to the project being forced to sever ties with the cryptocurrency influencer.

Read More
Watch out: Fake Wasabi crypto wallet out to steal your crypto

Business 22 March 2019

Watch out: Fake Wasabi crypto wallet out to steal your crypto

The scam wallet is an uncanny clone of the real Wasabi wallet. It comes with a fake website and for those who are not keen, it's almost impossible to distinguish between it and the real one.

Read More
UPS partners with blockchain startup for B2B platform

Business 22 March 2019

UPS partners with blockchain startup for B2B platform

UPS, a global leader in logistics, announced a partnership with Inxeption that targets B2B merchants.

Read More