Börse Stuttgart is one of the biggest stock exchange in Europe and the second biggest in Germany, handling approximately $100 billion in trading volumes. The company has launched crypto trading through a subsidiary.
“The Stuttgart Stock Exchange says “Bison simplifies trading in digital currencies. It is the world’s first crypto app, behind which stands a traditional stock exchange. The prototype of the app already exists; the finished product will be available for free from autumn.”
The Bison website writes that they are to go live by September and are facing a competition in the meantime with entrants standing for a chance to win as much as three bitcoins.
Their promise is that of freed trading without saying how will they achieve it. They also say that the app will have news feed:
“Bison analyzes more than 250,000 tweets from the crypto community every day and summarizes the most important information for you.”
That’s indicating a neutral general sentiment up to now, with it constantly altering according to the analyzed data by Bison. Börse Stuttgart says, according to a rough translation:
“So far, investing in Bitcoin, Ether & Co. has been anything but easy. Bison consistently breaks down barriers: The app is easy to use, the user interface is available in German, later also in English.
With Bison, we also reduce the complexity of registration and proof of identity significantly: so far, the opening of a user account usually took several days, in the use of Bison until the activation of trading takes only a few minutes.”
Initially, they are going to offer four digital currencies, Bitcoin, Ethereum, Litecoin and Ripple, with more tokens to be added in the near future.
The company referencing to a recent study says that investors want easy access to the crypto market. That’s what Bison provides, they say.
Becoming the world’s first established traditional stock exchange directly involved with crypto trading, the rest probably follow as trust in crypto increases considerably.
That’s especially considering that tokenization may develop a new modern stock exchange of sorts where instead of trading shares individuals trade tokens as the digital revolution continues.