As Germany’s very first regulated trading platform for crypto-assets, Boerse Stuttgart Digital Exchange (BSDEX) now also provides investors a mobile app for trading major digital currencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and XRP.
The mobile app is currently available via app stores for free. It can be download on iOS and Android devices.
The BSDEX mobile app comes with all the functions that clients are used to working with while accessing the app via the desktop version. Users are able to look at their crypto-asset holdings, access basic and professional order types when conducting trades with major digital currencies. Additionally, users may track the current charts of leading cryptos.
BSDEX confirms that its business is operated in accordance with Section 2, para 12 of the German Banking Act (Kreditwesengesetz) as a multilateral trading facility by Baden-Wuerttembergische Wertpapierbörse GmbH, which is the operating company for the public stock exchange in Stuttgart.
“With the new mobile app for iOS and Android, our customers can now trade conveniently from their smartphones. We see a huge customer demand for a reliable and transparent German trading venue for Bitcoin, Ethereum and Co. This is also reflected by the trading volume on BSDEX, which has now exceeded 1 billion euros since our market entry.”
The firm is the technical operator of BSDEX and a joint venture of Boerse Stuttgart GmbH, Axel Springer SE, finanzen.net GmbH and SBI Crypto Investment.
With financial services provider EUWAX AG, a subsidiary of Boerse Stuttgart GmbH, Bankhaus Scheich and Crypto Broker AG, there are three institutional participants currently linked to BSDEX.
As liquidity providers (LPs), they offer purchasing and selling prices for trading purposes. At BSDEX, open order books offer information about existing orders and the current market trends or activity.
At BSDEX, there are transaction fees that are based on the order type. blocknox GmbH, a subsidiary of Boerse Stuttgart Digital Ventures GmbH, handles the custody requirement of crypto-assets for investors at BSDEX (on an escrow basis).