The Stuttgart Exchange Group, which is the second largest stock exchange in Germany, joining forces with the banking institute SolarisBank, is prepared to launch a crypto trading platform and create an infrastructure for a zero-fee crypto exchange in the first half of the next year.

The partnership with the banking institute SolarisBank

On Wednesday, the firm announced that it has partnered with a local fintech company, the SolarisBank, to create an engineering infrastructure for digital assets trading. SolarisBank, which is the one that operated with a banking license in the country, is also going to be the banking partner of Stuttgart Exchange Group for the venture.

The CEO of the stock exchange, named Alexander Hoptner, said that with its combination of technology and banking expertise, the SolarisBank banking institute is an excellent partner for them to offer central services together with the value chain for digital assets.

While there are digital currency fanatics that welcome large banking establishments into the crypto-array, there are also some that believe it goes against the decentralized nature of cryptocurrency. But, you cannot stop the market from evolving, as well as moving towards some higher levels and standards of financial integration.

The establishment of the zero-fee crypto exchange

Even though the Stuttgart Exchange Group back in May of this year announced that a zero-fee crypto exchange trading app has been on their list of wishes, now the infrastructure of the project starts taking shape. The German exchange giants are currently collaborating with the German fintech firm, as well as banking platform, the SolarisBank, which we already mentioned, to make their vision a reality.

The combined efforts of these two companies are going to culminate in a new crypto exchange which is right now planned to be launched in the first half of the next year. The exchange is going to use the financial platform SolarisBank to be the cornerstone of the project.

The Stuttgart Exchange operates since 1860, and it is now the ninth largest stock exchange in Europe, which is going to give the new zero-fee crypto exchange a boost when it comes to reliability, trust, as well as confidence.

Initially, trading for Bitcoin and Ether is going to be enabled on the platform, with support for some other tokens which are expected once its Initial Coin Offering or ICO platform, which is under development too, goes live.

Stuttgart Exchange and SolarisBank join forces to create a hybrid exchange

The news came from one press release on Wednesday which outlined some of the nuances considering the partner’s effort from the Stuttgart Exchange and SolarisBank.

Bringing the gap between the fiat, and also the crypto sectors looks like the primary purpose of the project. A secure exchange which is going to offer protection for up to 100,000 Euros which are going to be supervised by the German regulatory bodies BaFin and BundesBank is also going to be available.

Initially, trading for Bitcoin and Ether is going to be enabled on the platform, with support for some other tokens which are expected once its Initial Coin Offering or ICO platform, which is under development too, goes live.

Both, the individual and the institutional investors are going to have the ability to trade on the crypto platform of the exchange, which is going to offer features which are similar to its stock trading platform. This actually includes some open order books and some other execution in compliance with some relevant laws.

With the joining of financial institutions and crypto industries, some collaborative projects like the zero-fee crypto exchange will also become more common, and that is excellent news for the potential investors who are now seeking reliability and trust.

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