RATE Group | Germany’s Second-Largest Stock Exchange and SolarisBank Partner to Launch Crypto Exchang…
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Germany’s Second-Largest Stock Exchange and SolarisBank Partner to Launch Crypto Exchang…

12 Dec Germany’s Second-Largest Stock Exchange and SolarisBank Partner to Launch Crypto Exchang…

Posted at 23:50h in Cryptocurrency News by

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SolarisBank and Stuttgart Exchange Group are jointly developing infrastructure for a cryptocurrency exchange, Cointelegraph Germany reports Dec. 12.

The Stuttgart Exchange, founded in 1860, is the second-largest stock exchange in Germany and the ninth-largest in Europe. SolarisBank, on the other hand, is a German fintech company established in 2015 that holds a banking license and offers a “Banking as a Platform” service.

This news goes along with the plans announced by the exchange in May to release a zero-fee cryptocurrency trading application.

The two companies’ crypto exchange, “which is scheduled to launch in the first half of 2019,” will have SolarisBank acting as the exchange’s banking platform.

Roland Folz, the CEO of SolarisBank, declared that “a reliable and efficient trading platform is an elementary contribution to [their] vision of a hybrid financial world with both fiat and cryptocurrencies.”

The press release notes that Bitcoin (BTC) and Ethereum (ETH)…

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