Bourse Stuttgart Digital Exchange, or BSDEX – which shares its operator with the major public stock exchange in Stuttgart – is launching a new mobile app for cryptocurrency traders.
As a digital asset trading site that meets the regulatory requirements of the German Banking Act, the site has been Leading the mainstream of crypto in Germany. Previously, investors had earlier access crypto trading app called bison, Which was first launched in 2019. Today’s Announcement A new app indicates that users will be able to trade bitcoin (B T c), ether (ETH), Litecoin (LTC) And Xrp.
More than 20,000 users are currently using BSDEX, which is operated by the Baden-Württembergische Vertpapierboers GmbH – the same operator that runs Stuttgart’s public stock exchange. Fully regulated exchange It has three institutional participants serving as liquidity providers: Boers Stuttgart GmbH subsidiary EUWX AG, Bankhaus Schiech and Crypto Broker AG.
In terms of custody arrangements, Blocknox GmbH, a subsidiary of Bourse Stuttgart Digital Ventures GmbH, protects BSDEX client assets on an escrow basis. When it comes to trading, the venue charges fees which vary according to the different types of orders.
Maximilian von Wallenberg, CEO of Börse Stuttgart Digital Exchange GmbH, the technical operator of BSDEX, said that the decision to provide a convenient trading option for smartphone users has been taken in response to the needs of investors:
“We see a huge customer demand for a reliable and transparent German trading venue for Bitcoin, Ethereum and company. This is also reflected in the trading volume on BSDEX, which now exceeds EUR 1 billion since our market entry. It is done.”
The app will enable users to view their crypto holdings, track cryptocurrency charts, and access basic and advanced order types just like the desktop version.
In the broader crypto app market, major United States-based exchange Coinbase recently hit a milestone and became #1 Most Popular App on the Apple App Store In the country – ahead of Ticketock, YouTube, Facebook, Instagram and trading app Robinhood.