‘Bison’ a Crypto Trading App Launched by Germany’s Second Largest Stock Exchange

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‘Bison’ a Crypto Trading App launched by Germany’s Second Largest Stock Exchange

The Fintech arm of Germany’s  No. 2 stock exchange has launched a digital currency trading app.

The app, called Bison, will be available for free to download, and its developers won’t charge any trading fees at the launch. A prototype of the application is being demoed at a trade show in Stuttgart this week.

Sowa Labs, a subsidiary of Börse Stuttgart, revealed the app on Friday, which is said to be ready for use in September and will at first offer trading support for bitcoin, XRP, ether, and litecoin. As per the apps official website, “more assets [are] coming soon.”

Sowa Labs‘ managing director, Ulli Spankowski, said:

“Bison makes trading in digital currencies easy. It is the first crypto app in the world to have a traditional stock exchange behind it.”

The exchange procured Sowa Labs in December of last year, taking a 100% stake in the Ulm-based startup. While the accurate figures aren’t known, the purchasing cost was reportedly in the millions of euros. Tne improvement represents the latest case of a traditional stock exchange getting into the digital currency trading game through a subsidiary.

Suzat Fernandes

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