Bison - the cryptocurrency trading app from Börse Stuttgart

Börse Stuttgart, the second largest stock exchange in Germany, is launching a new platform to conduct ICO (Initial Coin Offering), trade cryptocurrencies and securely store digital currencies. The project is expected to start this six months. Meanwhile, the Bison mobile application - software for trading - was presented.

Trading in cryptocurrencies with German precision?

About plans We've been writing the German stock exchange over a month ago, but now we are dealing with the first, tangible steps to launch the offer. The application for smartphones named Bison. The software was developed and written by FinTech Sowa Labs, a wholly-owned German stock exchange. The authors of the application focused primarily on the intuitiveness of use and the creation of an environment very similar to those with which investors in the stock market or Forex have contact. The motto is "Simplicity, Safety and Reliability".

Ulli Spankowski, CEO of FinTech Sowa Labs:

"Bison is the first cryptocurrency trading application from a supplier in Germany. It enables free trade of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP). Users can trade from 6.00 to 24.00 (CET) from Monday to Sunday at prices that are in the application. Bison earns money from the difference between the displayed buy and sell prices. ".

The Stargard stock market has partnered with SolarisBank, which will be responsible for processing payments and storing investors' cash deposits. Additionally, thanks to the companyBlocknox, another subsidiary of the stock exchange, it will take the role of a trustee of funds, and users will not have to configure their cryptographic portfolios.

The Bison app

Initially, the Bison app will only be available in Germany and its services will run from 6: 00 to 12: 00 CET. However, the stock giant explained that he plans to eventually extend trade to 24 hours per day. Access for residents of other European countries will be added until the end of 2019, and according to a press release in the future, support for a larger number of cryptocurrencies is also planned.

The trading software is available for iOS and Android mobile devices. The appearance and colors are confusingly similar to the Forex application of the broker Trading 212. At the beginning, the software will be available only in Germany and only between 6:00 and 12:00. However, it is planned to extend trading to 24 hours a day in the near future. Other European residents will not be able to use the application until the end of this year.

The main functions of the application:

• chart support,
• quick and intuitive transactions,
• Bison Cryptoradar showing market sentiment,
• Transparency of costs before making a transaction.

An advertising spot for the Bison application