Stuttgart Böurse, the second largest stock exchange in Germany has announced that it is set to develop a platform for Initial Coin Offerings (ICOs) that will also in turn host a multilateral cryptocurrency trading facility.
Stuttgart Böurse is considered to be a major exchange platform across the world, with a trading volume in excess of €80 billion. The establishment of both an ICO platform and a crypto trading platform gives the exchange a range of new options going forward and will allow the exchange to see a significant integration within the cryptocurrency markets in Germany and perhaps the rest of Europe.
The ICO platform will facilitate a range of functions, from the actual issuing of tokens to financing and the regulation of ownership to those who have invested in ICOs on the platform. According to Cointelegraph, Alexander Höptner, the CEO at Stuttgart Böurse has said that they have established this new platform as a result of:
“Demand from both retail and institutional investors for a regulated and reliable environment for trading with cryptocurrencies. At the trading venue tokens issued via our ICO platform can be traded on the secondary market. This is an important success factor for ICOs. Böurse aims to provide central services along the value chain for digital assets, all under one roof.”
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This aims to totally clean up the ICO climate in Germany and could offer investors the opportunity invest in ICO’s within a safe and regulated environment that promises to protect investors and importantly, vet those who are offering ICO’s within the platform.
This will reduce instances of crime and fraud which in turn may even lead to future regulation to be established across the whole of Germany, and perhaps other areas in Europe too.