Bitcoin Deutschland AG, a bitcoin marketplace which acts as a tied agent of Fidor Bank, a German-based online bank has announced that they will be adding support for Ethereum (ETH) trading. Officially announced last week on Wednesday, September 6th, the German number one exchange will be adding trading for Ether against Euro in the next few weeks.
Bitcoin.de has been the go-to German exchange for trading with bitcoin and euros since 2011. During the month of August, the platform added support for Bitcoin Cash, which became the second coin listed on their marketplace.
Now, they are proud to report that Ethereum (ETH) trading is in the midst of being added, but it is currently still in a closed beta test.
When Bitcoin.de opened trading in bitcoin against euro in the summer of 2011, founder and CEO Oliver Flaskämper received awards as an innovative entrepreneur in the following years and became the German face of Bitcoin.
Back on the 31st of August, Mr. Flaskämper finally acknowledged that he was participating in a closed beta trading test with Ether.
“In the initial phase of the altcoins there was not yet a strong demand from users. The coin with the second highest market capitalization was for a long time Litecoin but far from bitcoin. It was only with the rise of Ethereum that we began to convert our market place from single-coin to multi-coin. More and more users vehemently asked us to list new coins. With the ‘Multicoin Marketplace’ we are now aligned to the wishes of our customers.”
The rise of Ethereum began around 2016, and now the Ether token is second in market cap value at more than 20 billion euros. On some days a trades in higher volume than bitcoin itself. With a total cryptocurrency market share of less than 50%, the earlier dominance of Bitcoin is now past, although it is still far and away the leading digital asset and cryptocurrency.
“We have been working on the Multicoin platform for a long time. We finally had the claim that the high reliability and the high safety standard of our platform should be incorporated. We have brought the Multicoin platform online step by step. Since the end of 2016, we have run four major system updates for the Multicoin platform, which have been intensively analyzed and constantly optimized after their launch. “
Opportunely for Bitcoin.de, start on developing its Multicoin platform was already well advanced before the time of the Bitcoin fork in August 2017 when Bitcoin Cash split off the Bitcoin chain.
Just a few days after the split of customer’s BTC to Bitcoin Cash, trading in Bitcoin Cash had no support issue or delay listing on Bitcoin.de against Euro. After this, the Bitcoin.de team was able to continue to focus their work back on launching Ethereum trading.
Soon the team will be initiating an open beta phase and then finally Ether (ETH) will become officially tradable on Bitcoin.de. Thanks to the now existing Multicoin infrastructure, the introduction of the new trading pair (ETH versus EUR) is not far away.