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Börse Stuttgart Digital Exchange (BSDEX), Germany's first regulated trading venue for digital assets, is expanding its range of tradable cryptocurrencies. As of 06.12.2022, investors will be able to trade the digital assets Cardano (ADA) and Polkadot (DOT). The two new currency tokens expand the existing range of cryptocurrencies, which currently includes Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Bitcoin Cash (BCH), Chainlink (LINK) and Uniswap (UNI).
Minimum withdrawal amounts apply to the two new cryptocurrencies: For ADA and DOT, the minimum amounts are 1 ADA. Deposits and withdrawals remain free of charge. "With Cardano and Polkadot, we are once again expanding our offering for investors by two interesting currency tokens," explains Sebastian Warnke, Managing Director, and COO of BSDEX, and emphasizes: "We are thus following our strategy with regard to the selection of suitable crypto assets. We are pleased to include more layer-1 protocols in addition to ETH, which will provide new participation opportunities for investors."
Remarkable degree of innovation
Cardano is a smart contract blockchain. It is decentralized and the cryptocurrency ADA runs on the Cardano blockchain. The platform architecture comprises two separate layers, one for transaction accounting, the other documenting the transaction reason. Cardano is a smart contract blockchain. It is decentralized and executes the cryptocurrency ADA. The platform architecture comprises two separate layers, one for transaction accounting, the other one for documenting the transaction reason. The Cardano Settlement Layer, short CSL, is a crypto coin with a Proof of Stake protocol for transaction capture. Therefore, Cardano uses the so-called Ouroboros Proof of Stake protocol. In addition, there is also the Cardano Computation Layer (CCL), which contains information about why a transaction takes place in the first place. The latter facilitates compliance with know-your-customer (KYC) principles.
Also part of BSDEX's range of offerings as of now is Polkadot (DOT), a Proof of Stake blockchain that connects other blockchains and thus enables the transmission of values and data over previously incompatible networks. Polkadot's blockchain is fast and scalable. With the DOT token, users can participate in future protocol decisions.
Multilateral trading facility (MTF) with strong partners
BSDEX enables professional and uncomplicated trading with digital assets – with a high level of technical security: From the legitimization to the trading to the custody, all partners of BSDEX come from Germany. Investors benefit from the extensive experience of Boerse Stuttgart Group: BSDEX is operated as a multilateral trading facility by Baden-Württembergische Wertpapierbörse GmbH in accordance with section 2, paragraph 12 of the German Banking Act.
Trading on BSDEX is available almost around the clock, seven days a week. Open order books provide information about existing orders and the current market situation. Trading on BSDEX is subject to transaction fees, which vary depending on the type of order. Together with other institutional market participants, EUWAX AG ensures a continuously high liquidity in trading. Free of charge custody of cryptocurrencies for investors at BSDEX is provided on an escrow basis by blocknox GmbH, another subsidiary of Boerse Stuttgart Group.
