Swiss financial intermediary Crypto Finance Group joins Boerse Stuttgart Group’s ecosystem for digital assets as an institutional participant
Crypto Finance Group has connected to Boerse Stuttgart Digital Exchange (BSDEX) as an institutional participant through its trading subsidiary, Crypto Broker AG. As a liquidity provider at Germany’s first regulated trading venue for digital assets, Crypto Broker AG provides buying and selling prices – initially for the Bitcoin-Euro pair, with cryptocurrencies Ethereum, Litecoin and XRP soon to follow. BSDEX is operated in accordance with Section 2, paragraph 12 of the German Banking Act (Kreditwesengesetz) as a multilateral trading facility by Baden-Wuerttembergische Wertpapierbörse GmbH, which also is the operating company for the public stock exchange in Stuttgart.
“BSDEX offers institutional players a reliable, automated connection to its trading venue with a highly scalable technology setup. We are pleased that with Crypto Broker AG, another leading institutional liquidity provider in Europe is now connected to BSDEX, which further enhances execution quality”, says Maximilian von Wallenberg, CEO of Boerse Stuttgart Digital Exchange GmbH. The company is the technical operator of BSDEX and a joint venture of Boerse Stuttgart GmbH, Axel Springer SE, finanzen.net GmbH and SBI Crypto Investment.
"As a FINMA-regulated brokerage firm, we are very pleased to provide deep liquidity and availability to the Boerse Stuttgart Digital Exchange. The Crypto Finance Group's commitment to regulation and transparency in B2B asset management, trading and custody of digital assets is strengthened by this partnership", says Rupertus Rothenhäuser, CEO of Crypto Broker AG.
Trading in Bitcoin, Ethereum, Litecoin and XRP against Euro at BSDEX is available almost 24 hours, seven days a week. In addition to the Crypto Finance Group, Bankhaus Scheich and financial services provider EUWAX AG, a subsidiary of Boerse Stuttgart GmbH, also act as liquidity providers. At BSDEX, there are transaction fees based on the type of order. Deposits and withdrawals of cryptocurrencies are free of charge.
Source: Boerse Stuttgart