Germany’s Stuttgart Stock Exchange, the country’s second-largest securities marketplace, has unveiled Bison—a cutting-edge cryptocurrency trading app supporting Bitcoin, Litecoin, and Ethereum (with plans to expand to other cryptocurrencies). Slated for release in fall 2018, Bison offers zero-fee transactions and prioritizes security, leveraging the credibility of traditional stock exchange infrastructure.
Why Bison Stands Out
1. Institutional Backing & Security
Developed by Sowa Labs (the fintech arm of Stuttgart Stock Exchange), Bison is the first crypto trading app backed by a traditional exchange. This ensures:
- Enhanced fund/account safety compared to standalone crypto platforms.
- Long-term viability, avoiding the "flash-in-the-pan" fate of many crypto startups.
As Ulli Spankowski, Head of Sowa Labs, noted:
"Bison bridges the gap between conventional finance and the crypto economy."
2. Streamlined Identity Verification
Bison tackles a major pain point: cumbersome KYC/AML processes. Its "frictionless" onboarding simplifies registration without compromising compliance.
3. Cryptoradar: AI-Driven Market Sentiment Tool
The app integrates Cryptoradar, a tool analyzing 100,000+ social media posts (e.g., tweets) to gauge trader sentiment and provide actionable insights.
FAQs
Q1: Which cryptocurrencies does Bison support?
Initially Bitcoin, Litecoin, and Ethereum—with more to follow.
Q2: Are there transaction fees?
No. Bison offers commission-free trading.
Q3: How does Bison ensure security?
Through Stuttgart Stock Exchange’s regulatory frameworks and institutional-grade safeguards.
Q4: When will Bison launch?
Fall 2018 (exact date TBA).
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