2 years ago
107 FinanceFeeds -
BISON, the cryptocurrency trading app owned by Boerse Stuttgart Group, has come forward with additional tradable instruments: Chainlink (LINK) and Uniswap (UNI).
The mobile app allows users to transfer the two cryptocurrencies from BISON to a private wallet.
Ulli Spankowski, CEO of Boerse Stuttgart Digital Ventures’ subsidiary Sowa Labs, said: “We are continuously screening for which cryptocurrencies we can offer trading and custody in the reliable set-up of BISON. Chainlink and Uniswap are now the next step. Further cryptocurrencies will follow after thorough technical and regulatory examination”.
Sowa Labs developed the BISON app a few years ago and has seen the trading app grow in popularity year over year. BISON currently serves more than 500,000 active users.
“We have received a lot of feedback from interested people who want to trade cryptocurrencies as easily as possible but prefer their PC to do so. That’s why we are creating the flexibility at BISON to use the app or the desktop version, depending on preference”, Spankowski added.
BISON allows users to trade Bitcoin, Ethereum, Litecoin, Ripple (XRP), Bitcoin Cash, Chainlink, and Uniswap with no commission and with solid execution and liquidity.
The cryptocurrency market works 24/7 and BISON keeps up with that market, making its profit from the spreads between the buying and selling prices displayed, with no other additional costs.
BISON also features limit orders, where users set a price at which they want to buy or sell a cryptocurrency, which comes in handy for users doing their “homework”.
Boerse Stuttgart was an early adopter of crypto, having developed significant infrastructure to handle the nascent industry at the highest standards.
The trading partner of the users at BISON is EUWAX AG, a subsidiary of Boerse Stuttgart GmbH that is regulated in Germany as a financial services provider.
blocknox, a subsidiary of Boerse Stuttgart Digital Ventures GmbH, takes care of the custody of cryptocurrencies for users at BISON on an escrow basis. The crypto custodian has recently bought insurance for a part of its assets under custody, which protects against hacker attacks and theft.
As the cryptocurrency trading industry matures, incumbent players such as banks and exchange operators are increasingly adopting the asset class and its infrastructure in order to serve their customers. Boerse Stuttgart is well positioned to benefit from this never ending crypto boom.
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