The Stuttgart Exchange Group, known as the second largest stock exchange in Germany, in a partnership with SolarisBank – a banking institute, is planning to launch a new zero-fee cryptocurrency exchange in May. The Stuttgart Exchange, a well-known stock exchange, was founded in 1860, whereas, SolarisBank – founded in 2015; has a banking license; offers banking as a platform service.
No-Cost Cryptocurrency Exchange
A few months back in May, the second largest stock exchange of Germany – The Stuttgart Exchange Group, announced that they had this wish to launch zero-fee cryptocurrency exchange app. However, as of now, they are shaping the infrastructure of their similar project. The stock exchange giants of Germany are partnering with the fintech firm of Germany & banking platform – SolarisBank, to make their ideas see in action.
The ideas of multiple brains of these two companies will finally a better product – zero-fee cryptocurrency exchange, which is expected to be launched in the first half of 2019. The largest German stock exchange is focusing on utilizing the banking platform SolarisBank to be the cornerstone of the upcoming plans.
The Stuttgart Exchange, serving since 1860, presently, the ninth largest stock exchange in the Europe continent. The leading stock exchange will aid the growth of zero-fee cryptocurrency exchange – from trust, confidence, to reliability.
Combined Efforts in Making a No-Cost Exchange
As per the press release, published on Wednesday, there is a collaborative effort from both the parties.
Roland Folz, CEO at SolarisBank, was seen excited, as well as confident about the new project and the upcoming partnership. He said:
“A reliable and efficient trading platform is an elementary contribution to [their] vision of a hybrid financial world with both fiat and cryptocurrencies.”
The project focused on:
- Providing protection up to 100,000 Euros.
- A complete security on the zero-fee exchange.
- Voiding gap between fiat and crypto sectors.
- Bundesbank Availability.
The press reports also mentioned that the new trading platform will be trading options for Bitcoin and other altcoins like Ethereum. Along with it, the main focus is on building an ICO platform, as announced at the beginning of this year.