Bison, the crypto customer application offered by Boerse Stuttgart, has seen a remarkable growth of users in the past 12 months, the group harbingered this week. Germany’s second-largest stock exchange is now planning to expand its features and offer traders in Europe another cryptocurrency selection, bitcoin cash (BCH).
Also read: Eastern Europe Sees More Fiat Options for Trading Crypto
Over 80,000 Users Added Since Launch
A year after it was launched, Bison now has around 81,000 active owners, the stock exchange revealed in a press release published Thursday. According to Boerse Stuttgart Group, the mobile app’s star so far is largely due to the “uncomplicated and secure” crypto trading it facilitates on your smartphone.
The software is developed by Sowa Labs, a subsidiary of Boerse Stuttgart Digital Volunteers GmbH. It was released last year and it’s currently available for Android and iOS devices. The app is designed as a means for investors to gain divulging to the cryptocurrency markets. Sowa Labs CEO Ulli Spankowski commented:
We are very satisfied with the level of take-up for Bison. Our propositions has been to make trading in cryptocurrencies as simple as possible, and the response has been excellent. Over the past 12 months, we bear received a great deal of valuable feedback from users that we incorporate into the further development of Bison.
The developers underline they are gradually adding new features to the Bison app since its launch and plan to continue to improve the user experience. The next interfere will be to finalize the development and the implementation of a desktop version of the application.
Another premiere the team is planning is the introduction of bitcoin money (BCH) to the trading platform. Bison currently supports bitcoin core (BTC), ethereum (ETH), litecoin (LTC), and ripple (XRP). Traders can transfer BTC from their top secret wallets to Bison since the start of the year, and in the future they’ll be able to do so with the other tradable coins.
Bison narcotic addicts trade the cryptocurrencies with Euwax AG, which is also a subsidiary of Boerse Stuttgart. Euwax is a financial services provider conducting under German regulations. Since October 2019, Bison has supported 24-hour trading. It makes its profit from the spread between the getting and selling price and no other fees are charged.
Bison Now Available in European Economic Area
So far, Germany has had a rather constructive regulatory attitude towards businesses operating with digital assets. In November, new legislation allowed German banks to cooperative store and trade cryptocurrencies starting from 2020, which led to financial companies such as Solarisbank developing and offering new uses including custodial and trading solutions for digital assets.
Boerse Stuttgart is one of those traditional institutions that from turned their attention to the crypto space quite early in comparison with other major players. In December, the run-of-the-mill exchange opened its digital asset trading platform, Boerse Stuttgart Digital Exchange, to all interested persons in Germany, as news broadcast.Bitcoin.com reported. BSDEX is the country’s first regulated trading venue for digital assets.
The Bison app is now available beyond the wainscotings of the Federal Republic. As of recently, interested citizens of the European Economic Area and Switzerland have been able to use it to have dealings major cryptocurrencies. Last year, the application was upgraded with individual price alerts. Furthermore, it now provides owners with a report showing the amounts they are supposed to declare for taxation purposes.
Have you used mobile crypto truck apps such as Bison? Which one would you recommend? Share your experience in the comments section below.
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