Ripple (XRP) is one of the major cryptocurrencies that are going to be listed on a new trading platform of Borse Stuttgart, the second largest stock exchange in Germany. The stock exchange has announced its plans to offer support for Bitcoin, XRP, Ethereum, and Litecoin soon. Here, it is pertinent to mention that the beta testing phase for this cryptocurrency support will start in January 2019. The Europeans are glad to hear the news that Europe’s ninth largest stock exchange is going to offer support for these major cryptocurrencies.
Most of the crypto experts are of the view that this crypto trading support by the second largest German Stock Exchange will prove a game changer for cryptocurrencies in Europe. Earlier in April 2018, CCN had reported that Sowa Labs are planning to launch the world’s first crypto application that would be backed by a traditional stock exchange. It was expected to be launched in September 2018. But, the falling prices of cryptocurrencies and increasing regulations against these caused the delay. Now, the company has announced through its official Twitter account that it will start with BTC, ETH, LTC, and XRP.
The stock exchange also has plans to add support for more cryptocurrencies step by step. The users will have to go through a simplified ID verification process to trade these cryptocurrencies. This ID verification process will be completed in just a few minutes. Here, it is important to mention that KYC verification takes a few days in almost all the platforms. There would also be a Crypto radar tool in this application that will keep the users informed about various trends in cryptocurrency world. It would have the capacity to analyze 250,000 tweets at a time to judge the market sentiment.