January 26 marked a minor milestone for Bitcoin Cash fans. Since that date, the coin has been tradable on the Stuttgart Digital Exchange (BSDEX). There he finds himself in good company with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP).
Bitcoin Cash (BCH) is still considered an underdog in parts of the crypto scene. Because with the Segregated Witness technology (SegWit) behind it, Bitcoin’s “little brother” is trying to solve those problems that are still outstanding – for example the capacity of the network.
Bitcoin Cash relies on a higher block size, which was originally the reason for the split (hard fork) from the original version of Bitcoin. So faster and cheaper transactions should be possible without further ado.
But the listing of BCH on the BSDEX was probably just the beginning of some innovations. Because the signs in Stuttgart are clearly pointing to expansion. By the end of the year, the team is expected to grow from the current 40 to a total of 100 employees. It will be interesting to see what awaits us until then.
BSDEX: Low fees, high convenience
In terms of fees, the BSDEX is not only transparent, but also moderate. The maker order accounts for just 0.20 percent of the transaction volume. The taker order, on the other hand, has a fee of 0.35 percent. Crypto custody and transactions in euros are also free of charge.
As early as September 2019, the second largest German stock exchange dared to jump onto the crypto trading floor. With the BSDEX, investors can exchange euros for cryptocurrencies directly without an intermediary broker. In cooperation with Solarisbank, the southern German provider can always guarantee its customers the necessary security. Because this ensures that the legally prescribed deposit guarantee with an upper limit of 100,000 euros is observed. On the other hand, blocknox GmbH, a subsidiary of Boerse Stuttgart, takes care of storing the crypto deposits.
The necessary liquidity is also provided at the BSDEX. Together with other market participants, EUWAX AG always donates sufficient financial resources to ensure smooth trading at all times.
All in all, the BSDEX offers secure but convenient access to the most important assets in the crypto space.
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