Börse Stuttgart, the second largest stock exchange in Germany is set to launch a cryptocurrency app called Bison.
The app was revealed on Friday by Sowa Labs, the creator of the app and a subsidiary of Börse Stuttgart. It will be available for use in September with initially support trading of Bitcoin [BTC], Ethereum [ETH], Litecoin [LTC], and Ripple [XRP]. However, the official website states that there will be more assets added after the launch. After the launch, the app with be available in German, and later in English.
Ulli Spankowski, the Managing Director of Sowa Labs 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 app is simple, safe and reliable. The focus of the app is to make it easy for its users to enter the cryptocurrency world and make trading simpler with just a few clicks. It also features a “crypto radar” which will analyze over 250,000 tweets and provide the most important information about cryptocurrencies and find out which coins are most debated. This also results in better decision making as the user can see the prices fluctuate throughout the day in the market.
The official website stated:
“BISON shows you the beautiful sides of the crypto world, without any complicated processes.”
Additionally, they claim that the app won’t require the user to have any crypto wallet and there will be no trading fee charged. Signing up for the VIP list gives people a chance to be one of the first users of the app when it is released in September and gives them a chance to win prices. The first 1000 people to sign up can win one Bitcoin or other cryptocurrencies based on the VIP rank.
Last year in December, Börse Stuttgart acquired a 100 percent stake in Sowa Labs when it purchased the Ulm-based startup.
Alexander Meyer, a Twitter user said:
“This is great news. Shows how there is progress, after all. The app’s features are something that every potential investor is looking for but too hesitant because of the safety and transparency problems.”