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Boerse Stuttgart, the second largest stock exchange in Germany, is creating an end-to-end cryptocurrency infrastructure as well as a multilateral regulated trading venue for cryptocurrencies and custody.
Boerse Stuttgart is also launching a commercial application called Bison. It will be the first crypto trading app developed by a large stock exchange. Scheduled for release in the fall, the German app will initially offer free cryptocurrency trading for Bitcoin, Litecoin, Ethereum and Ripple. It will gradually add more cryptocurrencies and the English version is scheduled for a later version.
The company claims that Bison's development is designed to reach traditional investors who want easier access to the cryptocurrency market. The app analyzes daily about 250,000 tweets of the crypto community and digests the most important information to show the traditional sentiment of the major cryptocurrencies.
According to the company declaration,
"Previously, the opening of a user account normally required several days, but with BISON activation for trading, it takes only a few minutes. is "need for cryptographic portfolios" and BISON does not apply trading commissions, Dr. Ulli Spankowski, Managing Director of Sowa Labs, says: "Users can exchange cryptocurrencies for free with the app."
Another innovative feature of the app is the Cryptoradar service, which uses artificial intelligence to filter the saturation of social media news: it provides an overview of the market in real time and provides information on which cryptocurrencies are currently under discussion. "
Boerse Stuttgart said it will also participate in the cryptocurrency trade for the primary and secondary market
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The company says that it is also developing a token-based platform to feed and facilitate the first coin offerings (ICO).
"Tokens issued through our ICO platform can be traded on the secondary market at the trading venue, which is an important success factor for ICOs, and we respond to both retail and institutional investors' demand for a regulated and reliable environment for cryptocurrency trading ", said Alexander Höptner, CEO of Boerse Stuttgart GmbH.
Disclaimer: The opinions expressed in the Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin or cryptocurrency. Your transfers and exchanges are at your risk. Any losses you could sustain are your responsibility. Keep in mind that The Daily Hodl participates in affiliate marketing.
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