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Stuttgart stock exchange has officially opened its first, fully regulated BTC trading platform as the European regulators are getting worried about the entrance of the social media giant in the crypto space so in the altcoin news below we find out more about the new platform.

According to the reports, the Digital exchange of the Stuttgart Stock exchange is now officially the first fully regulated trading venue for crypto assets in Germany. The trading will be available to select clients but there are some plans to open up to institutional and retail investors across the European Union if the platform grows. The website of the platform issued a warning to investors regarding market volatility:

 “[Crypto assets] are subject to strong price fluctuations, so investors bear a significant market price risk. Even a total loss of invested capital is possible when investing in crypto currencies.’’

There are already many regulated crypto exchanges in Germany but this will be the first one that is backed by a stock exchange. This will add a layer of authenticity for all of the clients and will give them more confidence. The trading will also be offered through their app called Bison which was launched at the beginning of this year. The investors can buy and sell BTC, Litecoin, Ethereum with no fees through the app. The press release noted that there is no need for a crypto wallet since the only thing you need is a German bank account. Bison will profit through the spreads as the other exchanges do as well offering to buy and sell rates for the digital assets. The CEO of the stock exchange Dr. Dirk Sturz outlined:

 “The market in cryptocurrencies is worth billions, and more digital assets will emerge on the basis of blockchain. Our goal is to build up the leading European trading venue for those assets.”

The Stuttgart Stock Exchange partnered with SolarisBank on the initiative for processing payments and the CTO of the company added for the latest cryptocurrency news:

 “BSDEX will give retail and institutional investors direct access to digital assets and provide flexible and relatively low-cost trading. We believe blockchain is set to bring about significant changes in the financial industry, and we want to leverage its potential to create the trading venue of the future.”