Bison Crypto Trading App Launched By Germany’s Second Largest Stock Exchange
The Boerse Stuttgart Group has earned the ranking as the second-largest stock exchange in the whole of Germany, but they want to be known for more. Now, their platform has made it possible for smartphone users to trade wherever they are with the new crypto trading app, which has been named Bison.
The launch was announced on Twitter by the Boerse Stuttgart Group. The translated text says, “Light on, curtain on: BISON IS DA! 🥳🙌😊🤩📲 Available now in the German app stores.” The official website reveals that the app’s software is the work of FinTech Sowa Labs, which is one of the subsidiaries of the Boerse Stuttgart Digital Ventures brand. The goal is to essentially make it easier for investors that want to invest in cryptocurrencies, especially for newcomers from traditional markets.
There is no cost right now to trade in Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). One of the company’s other subsidiaries – Blocknox – offers an escrow system to behave as a custodian for the funds of investors, based on a Finextra press release dated for today. To help with the processing of euro payments and to bring fiat custodial services, Boerse Stuttgart has brought in SolarisBank, which is independent from their own company.
In the beginning, Germany will be the only country with access to Bison. Services will only be available between 6:00 a.m. to 12:00 a.m. CET initially, though the platform plans to eventually modify this time to include 24/7 access. Other European countries should be integrated by the end of this year, as well as support for additional crypto assets.
Operators of stock market exchanges around the world have expressed their own interest in creating services that support crypto users. A regulated digital asset exchange is in the worlds for the Stock Exchange of Thailand, while Hong Kong is planning to launch a similar exchange within Q1 of this year.
Bakkt is one of the most eagerly anticipated platforms, which was created by the New York Stock Exchange operator. Having recently completed a funding round that brought in $182.5 million, Bakkt is presently looking to fill major executive vacancies for their platform, along with senior developers.