Business 1 February 2019

Erik Gibbs

Börse Stuttgart launches mobile crypto trading app

German cryptocurrency fans now have greater flexibility buying or selling assets. The country’s second-largest stock exchange, Börse Stuttgart Group, has introduced a mobile app for crypto trading.

The company announced the release of the new app on its website yesterday, after having spent a year tweaking it. The new Bison app, which includes an integrated crypto wallet, is available for Android 4.4+ and iOS 9+ devices, allowing users to fund their exchange accounts with fiat, as well as to trade in Bitcoin Core (BTC), Ether (ETH), Litecoin (LTC) and Ripple (XRP).

Dr. Ulli Spankowski, the CEO of the Börse Sowa Labs GmbH subsidiary that developed the app, states, “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).”

To gather support, Bison is launching with no trading fees. Trading will only be offered between 6 AM and 12 AM Central European Time, but Börse indicates that this could change in the future. Users will need to register and submit to Know Your Customer verification procedures, which the exchange indicates will take place by video identification.

The press release further states, “BISON lowers the technical barriers in dealing with the complex world of cryptocurrencies. This also includes safe custody of the acquired cryptocurrencies, so BISON users do not need a crypto wallet. On request, after having bought cryptocurrencies on BISON, users can transfer them into their own wallet.”

Trades will be conducted by a Börse financial services subsidiary, EUWAX AG. Blocknox GmbH, another company subsidiary, will act as the custodian of the digital assets. SolarisBankAG, a German bank, will act as the banking partner for fiat payment processing, as well as offer custodial services for the fiat deposits, which will be protected under Germany’s statutory deposit guarantees.

Bison is currently only available to German customers; however, Börse indicates that it hopes to roll out the app to other countries across Europe at some point later this year.

Spankowski asserts that additional features will be gradually added and states, ““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.”

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

COMMENT

latest news

CipherBlade share a lesson about crypto theft

Business 24 May 2019

CipherBlade share a lesson about crypto theft

Coinomi have been blamed for losing a customers funds, but a new investigation shows they probably weren’t to blame at all.

Read More
Brazilian police arrest culprits behind $210 million crypto scam

Business 24 May 2019

Brazilian police arrest culprits behind $210 million crypto scam

Brazil has cracked down on a massive pyramid scheme that brought in over 50 thousand victims.

Read More
Russia’s central bank expects crypto regulation bill in spring

Business 24 May 2019

Russia’s central bank expects crypto regulation bill in spring

A member of the Central Bank of Russia says she expects crypto regulations to kick in sometime in the spring of 2019.

Read More
[data-clipboard-demo]
[data-clipboard-demo]
[data-clipboard-demo]
[data-clipboard-demo]
[data-clipboard-demo]
[data-clipboard-demo]
[data-clipboard-demo]
[data-clipboard-demo]
[data-clipboard-demo]
[data-clipboard-demo]