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