The 2nd Largest Stock Exchange in Germany, on the 2nd day of August notified the public of it’s plan to develop a new platform for for initial coin offering(ICO).
The firm released a sample of it’s zero-fee crypto trading app this May with the intention to release it’s full working version this September. In 2017, the firm recorded about EUR 81 Billion($95 Billion) as it’s trade volume.
Currently, the firm’s target is to develop an ICO platform on top of the primary and secondary markets and as well, introduce a multilateral, regulated crypto trading venue.
Alexander Höptner, Börse Stuttgart’s CEO said the action was taken following the request from both retail and institutional investors so as to ensure a reliable platform for trading with cryptocurrencies.
The firm’s trading crypto app is dubbed “Bison” and it is was being developed by Sowa Labs, a local data analysis starter up in the country.