Crypto exchanges are nearly indispensable in our lives, especially if we take into account the huge amount of assets we manage in the form of cryptocurrencies. And now, thanks to a partnership in Germany, people can benefit from yet another option in this field.

Two powerful companies, SolarisBank and the Stuttgart Exchange Group, will join forces and launch a crypto exchange, according to a report from an important news hub from Germany this week, on December 12th.

Two Companies with Ambitious Crypto-related Goals

The two firms are jointly developing the proper infrastructure for a project of such magnitude to be successful. Bothcompanies, now working together, actually have very different backgrounds.

SolarisBankwas actually founded just three years ago, in 2015. It is a fintech firm that happens to hold a banking license, offering a “Banking as a Platform” service to its important clientele. On the other hand, the Stuttgart Exchange has beenfunctioning in Germany since 1860. It is the second largest stock exchange inthe nation and is in the top ten in Europe.

The piece of news goes in concordance with what the Stuttgart Exchange made public in the month of May: that one of its primary goals in the medium-term was to create a no-fee-crypto-trading service.

The joint venture will be launched in the first half of 2019, according to official from both businesses. SolarisBank will naturally by the project’s banking platform. “A reliable and efficient trading platform is an elementary contribution to [their] vision of a hybrid financial world with both fiat and cryptocurrencies,” said Roland Folz, currently actingas SolarisBank’s CEO.

The two most prominent and influential cryptocurrencies of today, Bitcoin (BTC) and Ethereum (ETH) will be available for users to buy or sell in the exchange, both for retail and corporate investors. Both of the involved parties in the partnership are currently developing the exchange’s ICO platform, which was initially announced four months ago. Tokens introduced in the ecosystem will also be tradeable on other secondary markets.

SolarisBank and Other Alliances

The initiative was a SolarisBank idea: it is part of the “Blockchain Factory” project, an institutional attempt to provide clients with specialized accounts that are destined to be used for blockchain firms.

VPE WertpapierhandelsBank AG (VPE), which is a widely known securities trading bank based in Germany, formed an alliance withSolarisBank as well, with the goal of coming up with a trading platform for cryptocurrencies specifically designed for corporate and institutional traders.

Yet another SolarisBank project, Bitwala, is now open for business, having gathered more than 40,000 preregistered customers that will earn access to BTC and euro deposit accounts. Bitwala is a German project, specialized in crypto-banking. It will make perfect use of SolarisBank’sbanking license to protect euro funds up to 100,000 euros, with two of the country’s largest financial institutions, Bundesbank and BaFin, supervising it all.

By Andres Chavez

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