Source: Boerse Stuttgart
As Germany's first regulated trading venue for digital assets, Boerse Stuttgart Digital Exchange (BSDEX) now also offers investors a mobile app for trading Bitcoin, Ethereum, Litecoin and XRP (Ripple).
The app is now available in app stores for free to download to iOS and Android devices.
The BSDEX mobile app includes all the main functions users are used to on the desktop version. Users can view their crypto holdings, access basic and professional order types when trading Bitcoin, Ethereum, Litecoin and XRP (Ripple) and track the current charts of the cryptocurrencies.
BSDEX is operated in accordance with Section 2, paragraph 12 of the German Banking Act (Kreditwesengesetz) as a multilateral trading facility by Baden-Wuerttembergische Wertpapierbörse GmbH, which also is the operating company for the public stock exchange in Stuttgart. Currently, more than 20,000 users are connected to BSDEX. They can trade the cryptocurrencies Bitcoin, Ethereum, Litecoin and Ripple (XRP) almost around the clock, seven days a week.
"With the new mobile app for iOS and Android, our customers can now trade conveniently from their smartphones. We see a huge customer demand for a reliable and transparent German trading venue for Bitcoin, Ethereum and Co. This is also reflected by the trading volume on BSDEX, which has now exceeded 1 billion euros since our market entry," says Maximilian von Wallenberg, CEO of Boerse Stuttgart Digital Exchange GmbH. The company is the technical operator of BSDEX and a joint venture of Boerse Stuttgart GmbH, Axel Springer SE, finanzen.net GmbH and SBI Crypto Investment.
With financial services provider EUWAX AG, a subsidiary of Boerse Stuttgart GmbH, Bankhaus Scheich and Crypto Broker AG, there are three institutional participants connected to BSDEX. As liquidity providers, they provide buying and selling prices for trading. At BSDEX, open order books provide information about existing orders and the current market situation. At BSDEX, there are transaction fees based on the type of order. blocknox GmbH, a subsidiary of Boerse Stuttgart Digital Ventures GmbH, takes care of the custody of cryptocurrencies for investors at BSDEX on an escrow basis.