Germany’s 2nd largest stock exchange to launch Zero-Fee Crypto Trading App

Germany’s 2nd largest stock exchange to launch Zero-Fee Crypto Trading App

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The second largest stock exchange of Germany Stuttgart Börse, which reportedly has a volume of trades amounting to 100 billion U.S. dollars, announced the start of free applications for the cryptocurrency trading on Thursday, may 17. App for smartphones , called “Bison” will be free for use in the state in the fall of 2018 and was developed in collaboration with fintech startup Sowa Labs.

Since the launch of the application will be supported four cryptocurrencies  – Bitcoin, Ethereum, Litecoin and Ripple with additional digital assets, promised “in the near future.” The interface and the trading process is focused on comfort, due to the need for the use of cryptocurrencies,  wallets or documents.

The platform also provides a tool for data analysis artificial intelligence (AI) users “Cryptoradar” that every day analyzes more than 250,000 tweets from crypto-related crypto spheres to give an idea of the sentiment of the association real – time. At the time preset algorithm Cryptoradar shows on the website Bison that Bitcoin, Ethereum, Litecoin as neutral and Ripple passes into the positive range.

The prototype application was presented today at a financial-investment fair invest in Stuttgar Dr Ulli Spankowski, Managing Director at Sowa Labs, commenting that Bison “is the first crypto app in the world, the traditional exchange of shares of Sowa Labs claim that their survey showed more than 1,000 participants, that most investors would like to “facilitate” access to cryptographic markets.

Last week it was reported the mobile application for action trading Robinhood, attracting $363 million in funding to expand the crypto-specific platform across the United States, with plans to support 16 different cryptocurrencies, all zero wages. In connection with the recent financing, Robinhood became the second largest fintech  startup for US with the current estimate of 5.6 billion.

In addition to convenient access points in crypto space for individuals, perhaps the most important precedent for the new crypto enterprise Stuttgart Börse is the recent announcement by the owner of the New York stock exchange’s private plans contract Bitcoin (BTC) , which will be well adjusted in BTC, allowing traditional customers to Wall Street to buy and hold cryptocurrency.

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