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Barclays to open up new cryptocurrency desk, Börse Stuttgart plans the same

15 April 2018 21:00, UTC

While previously seen skeptical about Bitcoin, Barclays (UK) plans to open a new trading desk that will allow to conduct operations related to cryptocurrency. It should be noted here that current reports on this are based on rumors coming from two unidentified sources and the information largely contradicts the previous statements of the company.

Barclays has recently compared the Bitcoin hype to a flu at the stage of post-vaccination decline. This further indicates that the rumors might prove untrue in the near future, although the opposite scenario is not excluded.

Another financial organization based in Germany, Börse Stuttgart exchange, is also planning to open up new cryptocurrency-related possibilities for its clients. A special application is being developed, and unlike the messages on Barclays, this has already been confirmed by the directorate of Sowa Labs, the fintech branch of the German stock platform.

The app will be called Bison. Notably enough, Börse Stuttgart has had the biggest turnover (€7.5 bln) after the Frankfurt Stock Exchange according to the latest data. This is why the media often calls this organization the #2 stock exchange in Germany.

Image courtesy of boersenhandel.uni-hohenheim.de