Stuttgart Digital Exchange is now open to users in Germany

In a press release, the Börse Stuttgart announced that its Digital Exchange (BSDEX) is now open to all users. It also gave details on how it will operate and what will be required to become eligible for trading. Initially, it will offer deposit and withdrawal services as well as trading bitcoins against euros only. At a later date, BSDEX intends to expand services to include an array of other cryptocurrencies and digital assets like security tokens.

In a press release, the Börse Stuttgart announced that its Digital Exchange (BSDEX) is now open to all users. It also gave details on how it will operate and what will be required to become eligible for trading. Initially, it will offer deposit and withdrawal services as well as trading bitcoins against euros only. At a later date, BSDEX intends to expand services to include an array of other cryptocurrencies and digital assets like security tokens.

To qualify for trading on the digital exchange, interested parties are required to prove their identity digitally. In addition, users must hold a German bank account and be 18 years of age or older. They also need to be residents of Germany and nationals of a country within the European Economic Area (EEA).

The move makes BSDEX the first regulated crypto platform in Germany with a trading system that automatically connects buyers and sellers. BSDEX is operated by a limited liability company (GmbH). It was jointly founded by Börse Stuttgart, the digital publishing giant Axel Springer and its subsidiary Finanzen.net.