Börse Stuttgart Digital Exchange, or BSDEX — which shares its operator with the major public stock exchange in Stuttgart — is rolling out a new mobile app for cryptocurrency traders.
As a digital assets trading venue that fulfills the regulatory requirements of the German Banking Act, the venue has been a pioneer in the mainstreaming of crypto in Germany. Previously, investors had access to an earlier crypto trading app called Bison, which was first launched back in 2019. Today’s announcement of a new app indicates that users will be able to trade Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and XRP.
Over 20,000 users are currently using BSDEX, which is operated by Baden-Wuerttembergische Wertpapierbörse GmbH — the same operator that runs Stuttgart’s public stock exchange. The fully regulated exchange has three institutional participants serving as its liquidity providers: Börse Stuttgart GmbH subsidiary EUWAX AG, Bankhaus Scheich and Crypto Broker AG.
In terms of custody arrangements, Börse Stuttgart Digital Ventures GmbH subsidiary blocknox GmbH custodies BSDEX