Germany’s financial regulator BaFin, has granted the final license to Boerse Stuttgart Digital, a division of the country’s second-largest stock exchange, to act as a Bitcoin and cryptocurrency custodian.

The license enables the exchange to serve as a custodian and offer institutional investors the chance to trade Bitcoin on the platform.

From January 2020, the exchange has provided custody services via its Blocknox platform while operating under a temporary license. With this new license, it will join the ranks of a number of significant international companies that have recently entered the Bitcoin trading and custody industry.

This month, Fidelity made their Bitcoin trading platform available to the general public, giving institutional investors the ability to store their Bitcoin on the platform as well. Additionally, Mercado Libre, the largest e-commerce site in Latin America in terms of market value, recently made Bitcoin trading accessible to Chilean users.

Share this article
The link has been copied!