Adoption: Bitcoin, XRP, Ethereum, and Litecoin to be listed on the trading platform by Stuttgart Stock Exchange

Germany’s second-largest stock exchange, Stuttgart Stock Exchange, is scheduled to launch a cryptocurrency exchange in mid-2019. The exchange has a trading volume of $84 billion Euro (2017) and is the 10th largest exchange in Europe.

Stuttgart would initially support Bitcoin, XRP, Ethereum, and Litecoin only and plans to add more in the future. The cryptocurrency trading technology will be provided by Berlin-based Fintech company Solaris Bank which will be also be providing crypto banking services.

The exchange will be powering the new Bison app. The app will be released as Beta in January 2019, to a select group of traders in Germany and will gradually roll out to everyone.

In a different tweet, the exchange announced they will be supporting 4 cryptocurrencies initially, BTC, ETH, XRP, and LTC.

Blocmanity’s Take

Stuttgart exchange is not the first major stock exchange that is eyeing the growing cryptocurrency markets. Intercontinental Exchange, the parent company of NYSE, is launching Baktt fully regulated exchange targetted at institutional investor. If rumors are to be believed, NASDAQ too is working on their own version of cryptocurrency exchange.

We should see a lot of institutional investors joining the cryptocurrency market, due to increased innovation as well as regulations to protect investors interests.

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