The Bison App developed by Sowa Labs, a wholly-owned fintech subsidiary of Börse Stuttgart, the second largest stock exchange in Germany has announced plans to launch a cryptocurrency exchange platform with initial support for Bitcoin, XRP, Ethereum and Litecoin. creating the announcement in a post on its official Twitter account, bison App disclosed that the new service can get into its exclusive beta testing section sometime in January 2019 in what will be a significant move for a platform owned by Europe’s ninth-largest stock exchange.
Game Changer For Crypto trading in Europe?
In April, CCN reported that Sowa Labs disclosed the bison app was developed to rival Robinhood by providing fee-free trading to users. At the time, it was represented by Sowa Labs managing director Ulli Spankowski as “the first crypto app in the world to be backed by a traditional stock exchange.” At that time, the release date for the app was set for sometime in September, however a number of delays meant that this has currently been pushed back to 2019.
According to info provided earlier, the platform can supply users simplified ID verification as a part of a raft of style Associate in Nursingd married woman solutions meant to make an expertise that's as seamless as doable. consistent with Spankowski, bovid app users will expect to possess their onboarding KYC method completed during a matter of minutes as against the times it always takes different platforms.
Users will also be availed of a new ‘Cryptoradar’ tool that gives users with real-time market sentiment by aggregating and analyzing over 250,000 tweets to gauge the investment mood and appetite of market participants. Following the January launch, the service will be rolled out in tiers to various user groups.
CCN has previously reported that Germany’s central bank and the Deutsche Boerse completed a blockchain settlement trial as the world’s fourth largest economy continues to explore blockchain adoption with a level of enthusiasm that has usually not been matched by different major global economies.
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