Boerse Stuttgart’s BSDEX adds Uniswap and Chainlink to German-regulated crypto platform

Rick Steves

BSDEX will introduce further digital assets to trading in the course of the year.

Photo by Aaron Burden on Unsplash

Boerse Stuttgart Digital Exchange (BSDEX) has announced the addition of Uniswap (UNI) and Chainlink (LINK) to its trading offering, thus extending the range of cryptocurrencies available on the platform, which currently includes Litecoin (LTC), Ripple (XRP) and Bitcoin Cash (BCH), in addition to Bitcoin (BTC) and Ethereum (ETH).

BSDEX is Germany’s first regulated trading venue for digital assets and a subsidiary of “traditional” exchange Boerse Stuttgart. The crypto exchange enables uncomplicated, professional trading in digital assets at a high level of technical security. Identity verification, trading, and custody services are operated by German-based partners of BSDEX.

BSDEX is operated in accordance with section 2, paragraph 12 of the German Banking Act (Kreditwesengesetz) as a multilateral trading facility by Baden-Wuerttembergische Wertpapierboerse GmbH.

The technical operator of BSDEX is Boerse Stuttgart Digital Exchange GmbH, a joint venture of Boerse Stuttgart Group, Axel Springer, finanzen.net and SBI Crypto Investment.

BSDEX to introduce more cryptos in 2022

Sebastian Warnke, Chief Operating Officer of BSDEX, said: “With Uniswap and Chainlink, we are offering investors reliable and transparent trading in two further exciting assets from the crypto universe. BSDEX will introduce further digital assets to trading in the course of the year.”

There is a minimum withdrawal amount for the two new cryptocurrencies on BSDEX: For UNI the minimum withdrawal is 1 UNI, for LINK it is 3 LINK.

Uniswap is based on the Ethereum blockchain and is the leading decentralised automated crypto exchange on the market. The UNI token is a central part of the Uniswap ecosystem, enabling users to agree on important changes to the protocol and actively participate in the development of the network.

Chainlink, is also based on the Ethereum blockchain and analyses external data and processes this information for smart contracts. Transactions via Chainlink are paid with the LINK token.

BSDEX operates almost 24/7 with open order books, which provide information about existing orders and the current market situation. Trading is subject to transaction fees, which differ depending on the type of order.

EUWAX AG acts as the liquidity provider. blocknox GmbH (a subsidiary of Boerse Stuttgart Group) acts as the custodian on an escrow basis and free of charge.

BISON app added Uniswap and Chainlink in November 2021

BISON, a cryptocurrency trading app also owned by Boerse Stuttgart Group added Chainlink (LINK) and Uniswap (UNI) to its trading offering in November 2021.

If past events serve as a guide of what will happen next, then it is predictable that the BISON app will announce new tradable cryptos before the same are added to the BSDEX trading venue.

Sowa Labs developed the BISON app a few years ago and has seen the trading app grow in popularity year over year. BISON currently serves more than 500,000 active users.

BISON has recently launched a savings feature to address client demand. Starting at a savings rate of 0.01 euros per week, month or quarter, the savings plans are meant to complement the already vast offering provided by the BISON app, under the Boerse Stuttgart Group’s umbrella.

Read this next

Retail FX

eToro valuation halved as SPAC merger deadline expires

The deadline for the completion of the SPAC merger of eToro had passed yesterday, June 30, and the Israeli broker apparently canceled the deal with Betsy Cohen-backed blank-check firm.

Institutional FX

FXSpotStream reports second best figure for monthly volumes

Trading volumes on institutional FX platforms surged in June after fears over the impact of Russia’s military invasion of Ukraine sent speculative asset classes reeling.

Retail FX

Vantage expands MT5 offering with access to new stocks

ASIC-regulated foreign exchange brokerage Vantage has expanded its service offering and trading products by incorporating new markets, namely 14 exchange-based stocks on MetaTrader 5.

Digital Assets

CFTC charges $1.7 billion Bitcoin scam, largest to date

Mirror Trading accepted at least 29,421 Bitcoin from approximately 23,000 investors from the United States and even more throughout the world.

Retail FX

Spotware Systems upgrades cTrader Desktop to version 4.3

Spotware Systems, a technology provider for the electronic trading industry, has launched an updated version of its cTrader Desktop, which adds new functionality to join a roster of advanced trading capabilities.

Digital Assets

OKX launches Block Trading for tighter pricing

With Block Trading, users can integrate spot and derivatives trades on the same platform and trade multiple currencies in a single trade. The service supports trading of perpetual swap, futures, and option contracts with popular altcoins as the underlying.

Industry News

Interactive Brokers pays $1 million to settle with CFTC

Interactive Brokers overcharged its customers a total of $710,828.14.

Metaverse Gaming NFT

DappRadar launches cross-chain token staking

The launch of the cross-chain token staking mechanism by DappRadar comes under a partnership with LayerZero protocol, which enables smart contracts to communicate across different chains.

Digital Assets

Polkadot releases one-stop marketplace for Substrate pallets

Proof-of-stake blockchain Polkadot has achieved a significant feat in its development, as it rolls out Substrate Marketplace, a one-stop shop for exploring the many Substrate pallets currently available.

<