Stuttgart Stock Exchange
The Börse Stuttgart Digital Exchange (BSDEX), Germany’s first regulated trading venue for digital assets, is expanding its range of tradable cryptocurrencies. From 13 June 2022, investors will be able to trade the digital assets Uniswap (UNI) and Chainlink (LINK). The two currency tokens expand the existing range of cryptocurrencies, which includes Bitcoin (BTC) and Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and Bitcoin Cash (BCH) in addition to Bitcoin (BTC) and Ethereum (ETH).
For the two new cryptocurrencies at BSDEX, there is a minimum amount for withdrawals: for UNI, the minimum amount is one UNI, for LINK, there are three LINKS.
“With Uniswap and Chainlink, we are offering investors reliable and transparent trading for two other exciting investments from the crypto universe”
says Sebastian Warnke, COO of BSDEX and adds:
“BSDEX will introduce further digital assets to the retail market during the year.“
Uniswap is based on the Ethereum blockchain and is the market leader among decentralized automated crypto exchanges. The UNI token is a central part of the Uniswap ecosystem, which allows users to vote on important changes to the protocol and actively participate in the development of the network. Chainlink is also based on the Ethereum blockchain, evaluates external data and prepares this information for smart contracts. Transactions via Chainlink are paid with the LINK token.
BSDEX enables professional and uncomplicated trading with digital assets – and with a high level of technical security: All BSDEX partners come from Germany, from authentication to trading to custody. Investors benefit from the many years of experience of the Börse Stuttgart Group: BSDEX is operated as a multilateral trading system by the Baden-Württembergische Wertpapierbörse GmbH in accordance with § 2 paragraph 12 of the Banking Act. The technical operator is Boerse Stuttgart Digital Exchange GmbH, a joint venture of the Börse Stuttgart Group, Axel Springer, finanzen.net and SBI Crypto Investment.
Trading on BSDEX runs almost around the clock, seven days a week. Open order books provide information about existing orders and the current market situation. Trading on BSDEX is associated with transaction fees, which differ depending on the type of order. Together with other institutional market participants, EUWAX AG ensures a continuously high level of liquidity in trading. blocknox GmbH, another subsidiary of the Börse Stuttgart Group, takes over the custody of the cryptocurrencies for investors on BSDEX free of charge on a fiduciary basis.