Stuttgart Stock Exchange Launches Crypto Trading Mobile App

Stuttgart Stock Exchange Launches Crypto Trading Mobile App

The Boerse Stuttgart has announced the launching of a new mobile app for crypto trading according to a press release published by the exchange.

The second largest stock exchange in Germany developed the Bison App for iOS and Android devices in Deutschland. It will work with Bitcoin, Ethereum, Litecoin and Ripple with an account based in Euros.

According to the press release, Bison offers simple, fast and secure cryptocurrency trading, “uncomplicated, fast and secure trading in cryptocurrencies on the smartphone: this is now possible with BISON. After a year in development, Boerse Stuttgart Group’s crypto app is now available in app stores for free download to iOS and Android devices.”

“With BISON, we make trading in cryptocurrencies as simple as possible and break down entry barriers,” Dr Ulli Spankowski, CEO of Sowa Labs GmbH, the subsidiary of Boerse Stuttgart Digital Ventures GmbH which developed the BISON app said.

The new app will be free of charge, and it will offer safe custody, so traders will not need a wallet associated. Dr Spankowski highlighted that it is the first cryptocurrency trading app from a provider in Germany. Investors will be able to trade on BISON from 6:00 to 24:00 CET from Monday to Saturday.

According to the press release, the BISON app includes the Cryptoradar, a tool that “uses artificial intelligence to analyse around 250,000 tweets per day from the crypto community, filter them by relevance and present them in a user-friendly format. Users gain an overview of market sentiment on Twitter in real time and can keep up to date on the level of discussion in relation to the cryptocurrencies traded on BISON.”

Borse Stuggart partnered with EUWAX AG, its financial service subsidiary, which will conduct the trades, Also Blocknox GmbH, which will manage the custody, and SolarisBank AG will be act as external banking partner for payments processing and cash custody.

The app is expected to be offered in other European Union countries in 2019. According to Dr Spankowski, more functions will be added after the launch, “these will include the extension of trading to 24 hours a day, seven days a week, and additional trading functionalities. We will also enable trading in further cryptocurrencies, which will be selected considering criteria such as market capitalisation, customer interest and whether they can be kept in safe custody.”

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