The stock exchange in Germany, Boerse Stuttgart has launched a digital asset exchange on its digital arm. It is called as Digital Exchange of the Stuttgart Stock Exchange (BSDEX). It will be the first regulated trading venue in the country where investors can interact without relying on third parties.

Currently, the exchange will allow cryptocurrency trading, between Bitcoin and Euro. This will be along with market information and open order books. The platform will also provide trading prices through a dedicated subsidiary of Boerse Stuttgart, EUWAX AG. With the use of blockchain, BSDEX will provide transparent and modernized investment. This will thus reduce settlement time and costs that come with intermediaries such as brokers. The exchange will legally adhere to the operating company of the Stuttgart public stock exchange.

Initially, the platform will only be available for selected clients. However, more private individuals will get access gradually looping in institutional investors as well. Also, at first BSDEX will provide regular market and limit orders. However, as time goes, other order options will also be included.

Last year, Boerse Stuttgart Group had partnered with SolarisBank, a Berlin-based fintech company, to build a zero-fee crypto trading platform. The platform has also officially launched its crypto-trading app Bison as per the source.