Böerse Stuttgart Group, the 2nd largest stock exchange in Germany and 9th in Europe have released BISON their new Cryptocurrency trading app supporting Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) and Ripple (XRP) after a year in development.
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.
The announcement on 31st Jan, notes BISON will include ‘Free of charge trading and safe custody’ of assets with the company making its profit on the spread between the buying and selling prices. Trading is available between 06:00 and 24:00 Monday through Sunday and users will have the option to transfer assets bought through BISON to their own wallets if they so choose.
“With BISON, we make trading in cryptocurrencies as simple as possible and break down entry barriers.”
“BISON is the first cryptocurrency trading app from a provider in Germany. It enables free-of-charge trading in Bitcoin, Ethereum, Litecoin and Ripple (XRP).”
- Dr Ulli Spankowski, CEO of Sowa Labs GmbH
EUWAX AG, a subsidiary of Boerse Stuttgart GmbH will facilitate all the trades conducted. Blocknox GmbH, a subsidiary of Boerse Stuttgart Digital Ventures GmbH will be handling custody on BISON. The group has implemented what is described as a ‘multilevel security concept’ in order to secure users assets. External banking partner, solarisBank AG will be responsible for payment processing and desopsits to and from BISON.
Deposits are protected in the BISON account, which is free of charge for users, by the German statutory deposit guarantee.
BISON will also include ‘CryptoRadar’ a tool which uses AI technology to analyse and filter market sentiment from places such as Twitter and the wider crypto-community into a user friendly format.
Dr Ulli Spankowski has said that additional functions will be rolled out in future updates to the app as well as expansion into other European countries throughout 2019.
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