German Stock Exchange to Launch Crypto Trading Application

German stock exchange will launch crypto trading applications, for more details will be described in full below.

The Bison app, developed by Boerse Stuttgart, and will be available to cryptocurrency traders in the fall. Germany will take the lead among retail exchanges entering cryptocurrency bases.

Sowa Labs, a fintech subsidiary of Boerse Stuttgart, Germany's second largest stock exchange, has launched Bison, the mobile app for trading crypto currency. Bison will support the trading of bitcoin, Ethereum, Ripple and Litecoin.

The Bison app will emulate like Robinhood in terms of zero trading costs. In the meantime, this is a sign of retail exchange beginning to emerge from the sidelines to participate in the awakening of cryptocurrency.

(This is the first crypto application in the world that has a traditional stock exchange behind it, "according to Sowa Labs Managing Director Ulli Spankowski)

Meanwhile, the fact that Bison is backed by a prominent regional exchange that supports its profile for user safety. This is not just a fly-by-night trading platform.

The key feature of Bison is the zero trade cost. "Users can exchange cryptocurrency for free in the app," Spankowski said. The exchange added that "no crypto wallet is required." Instead, users can download applications to start trading.

Traders must wait until September, press releases state, at the time the app is available at no cost. Bison will be unveiled this weekend in prototype format at the Stuttgart trade show for investors. The mobile interface is currently in German but the English version is also planned.

# Simple ID Verification

Merchants often lament the circle they must pass to trade bitcoin and altcoin under the know-your-customer (KYC) and anti-money laundering (AML) protocols, even for their own security. One of the main features offered by Bison is a simple identity verification process, which can be a real selling point for traders whose transactions and funds have been trapped on other trading platforms.

(BISON also significantly reduces registration complexity and identity proof. When opening a user account typically takes a few days, the use of BISON only takes a few minutes before it is released for trading, "according to Spankowski)

They also plan the Cryptoradar tool, which is a social media tool that collects more than a quarter of a million tweets and analyzes the "mood" of cryptocurrency investors.

The Sowa Laboratory developed a cryptocurrency application on the survey heel with more than 1,000 users stating the need for "easy access to the crypto market." Sowa Labs is a division of Boerse Stuttgart Digital Ventures, created to support fintech startup.