Boerse Stuttgart To Launch Crypto-exchange With Support From SolarisBank

[PRIBO247]

German stock exchange Boerse Stuttgart Group
is partnering Berlin-based fintech company
solarisBank to help develop the infrastructure
and systems for a new cryptocurrency trading
platform. It is set to be launched in the first half
of 2019.
The new crypto-exchange will initially open
trading in established crypto currencies such as
Bitcoin (BTC) or Ethereum (ETH). Multilateral
Trading Facility (MTF) regulation is being
sought for the crypto trading venue.
The venue will be open to both private and
institutional investors and will facilitate order
opportunities comparable to securities trading.
Boerse Stuttgart Group or Stuttgart Exchange
group is the ninth-largest stock exchange in
Europe and the second-largest in Germany. It
had announced plans in May for a zero-fee
cryptocurrency trading application, and in
August for an Initial Coin Offering (ICO) platform.
solarisBank, acting as a technology and banking
services partner, will support Boerse Stuttgart
Group in creating an end-to-end infrastructure
for digital assets. It will also provide the
required crypto trading banking services to
Boerse Stuttgart Group.

solarisBank, which offers Banking-as-a-Service
platform with its banking license, is supporting
Boerse Stuttgart Group through its resource
called "Blockchain Factory" is setting up new
standards in transparency and reliability in
crypto currencies and tokens.
"A reliable and performant trading venue is a
fundamental contribution to our shared vision of
a hybrid financial world with both fiat and crypto
currencies," says Roland Folz, CEO of
solarisBank.

Source : http://www.rttnews.com/