[2019-09-23] Germany's first regulated trading venue for digital assets

[hv_]

https://www.bsdex.de/en/

...
"Regulation and market surveillance

Of course, BSDEX meets the regulatory requirements. But we go further: Baden-Wuerttembergische Wertpapierboerse Gmbh, which also functions as the sponsoring company of the public stock exchange, regulates and monitors the compliance. Boerse Stuttgart Digital Exchange thus sets high standards in the trading of digital assets.

...

The future begins now

Bitcoin has disrupted the conventional banking and Stock exchange business and generated billions in value in shortest possible time. The underlying blockchain technology is revolutionizing the handling of assets along the value chain of the financial world. BSDEX sets high standards in transparency and security and offers a reliable framework to trade Bitcoin. In the future, trading in other digital assets will also be made available.

"

For me it shows a bitcoin chart for trading ..

[Kakmakr]

I think most of the bigger stock markets are looking with eagle eyes on what is going to happen with the Bakkt offering and if institutional traders would be keen on investing capital into a highly volatile trading instrument like Bitcoin. 

So Germany will be one of the first regulated trading platforms, but it will surely not be the only one.    The German traders are traditionally very rigid, so it will be interesting to see how they adopt this new digital asset in their portfolios. 

[hv_]

I think most of the bigger stock markets are looking with eagle eyes on what is going to happen with the Bakkt offering and if institutional traders would be keen on investing capital into a highly volatile trading instrument like Bitcoin. 

So Germany will be one of the first regulated trading platforms, but it will surely not be the only one.    The German traders are traditionally very rigid, so it will be interesting to see how they adopt this new digital asset in their portfolios. 

They are about retail traders ( see BISON APP) , not profs one like Deutsche Börse / EUREX are

[veleten]

I think most of the bigger stock markets are looking with eagle eyes on what is going to happen with the Bakkt offering and if institutional traders would be keen on investing capital into a highly volatile trading instrument like Bitcoin. 

So Germany will be one of the first regulated trading platforms, but it will surely not be the only one.    The German traders are traditionally very rigid, so it will be interesting to see how they adopt this new digital asset in their portfolios. 

They are about retail traders ( see BISON APP) , not profs one like Deutsche Börse / EUREX are

I found this one interesting :
"BSDEX offers a technically secure and transparent environment for the trading of digital assets under German Law. The Boerse Stuttgart Digital Exchange is operated as a multilateral trading facility system regulated in accordance with Section 2 (12) of the German Banking Act (KWG)"

they state that they abide by the german laws , I am not sure wherever there is a section regulating cryptocurrencies
also Solaris bank https://www.solarisbank.com/en/ is not one of the largest banks , not in the top 20 for sure :
https://www.relbanks.com/rankings/top-banks-in-germany
this is , probably , just an experiment rather than a solid project, but well worth monitoring as it could pave the way for others ( if it lives )

[1Referee]

This is fantastic adoption to have because they're not messing with shitty cash settled contracts, but spot coins. The more of these platforms are active, the more perceptible it becomes for people how scarce Bitcoin really is. Another positive aspect is that the exchanges such as Coinbase holdings a lot of coins right now will bleed some of it to competitors that weren't available before.

https://www.coindesk.com/germanys-no-2-exchange-launches-bitcoin-spot-trading

People shouldn't expect these newly launched platforms to bring in liquidity right away. It takes time to build up clientele. Another thing is that most retailers don't bite unless they see the price go up a lot, which we haven't lately. Patience.

[hv_]

This is fantastic adoption to have because they're not messing with shitty cash settled contracts, but spot coins. The more of these platforms are active, the more perceptible it becomes for people how scarce Bitcoin really is. Another positive aspect is that the exchanges such as Coinbase holdings a lot of coins right now will bleed some of it to competitors that weren't available before.

https://www.coindesk.com/germanys-no-2-exchange-launches-bitcoin-spot-trading

People shouldn't expect these newly launched platforms to bring in liquidity right away. It takes time to build up clientele. Another thing is that most retailers don't bite unless they see the price go up a lot, which we haven't lately. Patience.

I agree for the cash part, but I do not see the use part here - it Looks like pure gambeling, witch is BitCoin's poorest function

[figmentofmyass]

This is fantastic adoption to have because they're not messing with shitty cash settled contracts, but spot coins. The more of these platforms are active, the more perceptible it becomes for people how scarce Bitcoin really is. Another positive aspect is that the exchanges such as Coinbase holdings a lot of coins right now will bleed some of it to competitors that weren't available before.

https://www.coindesk.com/germanys-no-2-exchange-launches-bitcoin-spot-trading

People shouldn't expect these newly launched platforms to bring in liquidity right away. It takes time to build up clientele. Another thing is that most retailers don't bite unless they see the price go up a lot, which we haven't lately. Patience.

I agree for the cash part, but I do not see the use part here - it Looks like pure gambeling, witch is BitCoin's poorest function

what do you have against speculators? it's just free markets being free markets. and speculators provide people like you with liquidity. they mitigate volatility, making for more efficient price discovery. it's a symbiotic relationship.

i just don't get why the "bitcoin is a currency" crowd hates speculators so much.

[hv_]

This is fantastic adoption to have because they're not messing with shitty cash settled contracts, but spot coins. The more of these platforms are active, the more perceptible it becomes for people how scarce Bitcoin really is. Another positive aspect is that the exchanges such as Coinbase holdings a lot of coins right now will bleed some of it to competitors that weren't available before.

https://www.coindesk.com/germanys-no-2-exchange-launches-bitcoin-spot-trading

People shouldn't expect these newly launched platforms to bring in liquidity right away. It takes time to build up clientele. Another thing is that most retailers don't bite unless they see the price go up a lot, which we haven't lately. Patience.

I agree for the cash part, but I do not see the use part here - it Looks like pure gambeling, witch is BitCoin's poorest function

what do you have against speculators? it's just free markets being free markets. and speculators provide people like you with liquidity. they mitigate volatility, making for more efficient price discovery. it's a symbiotic relationship.

i just don't get why the "bitcoin is a currency" crowd hates speculators so much.

Speculation has its own use - nothing against it. - But if it is just the only use for btc - it is not better than tulips - it will burn.

Bitcoin is about so much more.

Sad to see such reduction to the 'dumbest' use case remaining