The subsidiary of the Stuttgart Stock Exchange has received a license for crypto trade – Bits Media

Blocknox, subsidiary of the Stuttgart stock exchange (Boerse Stuttgart) I received a license, which allows you to provide services, related to cryptocurrencies.

License to the Federal Financial Supervision Department of Germany (BaFin) Now resolves Boerse Stuttgart Digital storage, trade and management of cryptocurrency assets.

“Germany is a universal market for brokerage services, trading and storage of digital assets, fully adjustable Bafin. This makes us a preferred partner in creating infrastructure for banks, brokers, management companies and family offices ", - said the general director of Boerse Stuttgart Group Matthias Felkel (Matthias Voelkel).

The license will allow Blocknox to offer customers “a universal platform for trading fully compliance with Germany’s legislation, storage of digital assets and obtaining brokerage services ", The businessman assured.

IN 2020 year Blocknox began to provide cryptocurrency storage services for institutional investors. The subsidiary of the Stock Exchange has since then ensure the storage of crypto assets on the "deposit conditions". The company has made the service available to users of the BISON application Stuttgart stock exchanger and its BSDEX digital assets exchanges.

Earlier in March, German giant processing of securities Deutsche Wertpapier Service Bank AG (dwpbank), which controls 5,3 million customers of various banks, launched the WPNEX platform for Bitcoin trading.