Boerse Stuttgart Group Stock Exchange Officially Launches Crypto Trading App
The second largest stock exchange in Germany, Boerse Stuttgart Group, officially announced the launch of its new crypto trading app Bison according to their official tweet which we are looking into in today’s crypto news.
On the app’s webpage, you can read that the software was developed by FinTech Sowa Labs which is a branch of the Boerse Stuttgart Digital Ventures. The aim of the developers was primarily, making an app that will ease the access to cryptocurrencies for the investors that are used to doing business on the traditional markets.
The app allows for free-of-charge trading in ETH, BTC, LTC, and XRP and the other branch of the stock exchange Blocknox will operate as a custodian for the users’ funds using the escrow system.
Boerse Stuttgart also made another partnership with SolarisBank-an external banking partner which will allow for euro payments processing and will provide fiat custodial services.
Prior to the launch, Bison will be available in Germany only and it will work from 6:00 a.m. to 12 a.m. CET. The stock exchange also made clear that hopes to extend the trading hours up to 24 hours a day. European residents from other countries will be added by the end of 2019 with more cryptocurrencies added to the platform.
The Bison app was first announced back in 2018 in May. The stock market operators around the world are now more than ever interested in launching crypto-related services. For example, the Stock Exchange of Thailand hopes to set up a regulated digital asset exchange or Hong Kong as another example, aims to launch a digital asset exchange in the first quarter of 2019.