Shoppers will initially be capable to commerce bitcoin, ethereum, litecoin, ripple, Bitcoin Money, chainlink and uniswap on Boerse Stutgart’s Bison retail platform, with entry to extra currencies and different European markets to be added on a phased foundation. Blocknox, a subsidiary of Boerse Stuttgart Group, takes care of the custody of cryptocurrencies on an escrow foundation, whereas Solarisbank handles Bison’s free-of-charge euro accounts.
Frank Niehage, CEO of flatexDegiro feedback: “Cryptocurrencies add a key factor to our already very broad product vary. Along with the Robo-Advisory providing deliberate for summer time 2022 through our accomplice Whitebox, flatexDegiro will supply its clients essentially the most complete product vary of all European on-line brokers. For us, taking this step with such a famend and reliable accomplice as Boerse Stuttgart Group was an indispensable requirement for the sustainable safety of our clients, particularly in such a younger and risky asset class as cryptocurrencies.”
The biggest retail on-line dealer in Europe, FlatexDegiro at present companies two million clients, for whom it processed 91 million securities transactions in 2021. Inside the subsequent 5 years, the corporate has set a goal of reaching as much as eight million accounts and 350 million transactions per 12 months.
,European dealer FlatexDegiro is to supply clients in Germany and Austria with entry to buying and selling in main cryptocurrencies via their flatex accounts by the top of the third quarter of 2022.,
