Progressive financial institutions have no doubt that bitcoin and new digital assets could be the future of the financial sector. Betting on the future, the Börse Stuttgart stock exchange, which is the second largest in Germany and ninth in Europe, will launch a cryptocurrency trading app.
Sowa Labs, a subsidiary of the exchange, announced on April 13, 2018 that the exchange's IT team is adding the finishing touches to the application, and it will be available to customers in the second half of September. Users will be able to download the app for free to trade virtual currency.
The mobile app, called Bison, will support bitcoin, ether, ripple and litecoin, but the developers assure users that the platform will support other altcoins in the near future.
Bison differs from other apps in the cryptocurrency trading ecosystem in that users will not be charged transaction fees. A prototype of the Bison app will be demonstrated at the exhibition in Stuttgart.
If the Bison app is successfully launched in September 2018, the Börse Stuttgart exchange will become the first stock exchange to provide cryptocurrency trading services to clients. “This is the world's first cryptocurrency application created by a traditional stock exchange,” said Ulli Spenkowski, managing director of Sowa Labs.
In general, Europe is now making a significant contribution to the crypto revolution by passing favorable legislation regarding digital currency. The German Ministry of Finance considers bitcoin to be legal tender, unlike the United States, where cryptocurrencies are considered securities. The friendly cryptocurrency environment in Malta is conducive to the development of business for cryptocurrency companies in this jurisdiction. Soon, many cryptocurrency companies may relocate their activities to countries that are more loyal to crypto business, making a contribution to the technological ecosystem of such states, leaving aggressive states out of innovation.
According to https://btcmanager.com
You May Also Like
New cryptocurrency exchange enters Latin American and Caribbean markets
A startup called Cryptofacil has announced plans to launch the “largest cryptocurrency exchange in Latin America and the Caribbean.” The exchange will be powered by Bittrex trading platform technology and will support 200 digital tokens and over 270 trading pairs.
Will Bakkt end the year with a bullish breakout?
On December 12, 2018, the Intercontinental Exchange (ICE) will begin trading Bitcoin futures contracts. It is noteworthy that contracts can be concluded through the platform’s digital asset storage, and clearing will be carried out by ICE Clear US, Inc. All quotas will be in US dollars, and the amount that will be blocked on the account when concluding a futures contract will be 10 bitcoin.
