As Germany’s first regulated trading venue for digital assets, Boerse Stuttgart Digital Exchange (BSDEX) allows to trade the Bitcoin-Euro pair. In addition to market and limit orders, investors can now also use stop orders: If the Bitcoin price reaches the defined stop mark, an order is placed in the BSDEX order book – either with or without a limit. Orders are executed directly against each other according to the fixed rules of BSDEX.
BSDEX meets the regulatory requirements in accordance with section 2, paragraph 12 of the German Banking Act (Kreditwesengesetz) and is operated as a multilateral trading facility by Baden-Wuerttembergische Wertpapierboerse GmbH, which also is the operating company for the public stock exchange in Stuttgart. The technical operator of BSDEX is Boerse Stuttgart Digital Exchange GmbH, a joint venture of Boerse Stuttgart GmbH, Axel Springer and finanzen.net.
BSDEX offers a transparent and reliable environment for digital asset trading, so investors can focus entirely on their trading strategies. “Stop orders are particularly important in the current volatile market phase. They enable investors to react automatically to price volatility and to pursue a momentum strategy. The introduction of this order type is therefore a logical step in the continuous development of BSDEX,” says Dr. Dirk Sturz, CEO of Boerse Stuttgart Digital Exchange GmbH. Additional tradable cryptocurrencies are planned to be the next new feature at BSDEX.
Trading at BSDEX is almost 24 hours, seven days a week. Open order books provide information about existing orders and the current market situation. In addition, financial services provider EUWAX AG, a subsidiary of Boerse Stuttgart GmbH, increases liquidity by providing buying and selling prices. At BSDEX, there are transaction fees based on the type of order. Deposits and withdrawals of the tradable cryptocurrencies are free of charge at BSDEX. blocknox GmbH, a subsidiary of Boerse Stuttgart Digital Ventures GmbH, takes care of the custody of cryptocurrencies for investors at BSDEX on an escrow basis and free of charge.
