German Stock Exchange Plans to Launch Application for Cryptocurrencies

The Sowa Labs division of the Börse Stuttgart stock exchange, which takes second place in Germany, is planning to launch a cryptocurrency application this year. The product has been already created and was introduced last week. The application should be launched in September. Initially it will be possible to buy and sell only four major digital coins: BTC, LTC, XRP and ETH. Over time the product team plans to expand the list of cryptocurrency assets supported by the application.

The official website of the project says that Bison (the name of the application) will be distributed free of charge. Thus, developers do not plan to impose commission fees for services conducted through the service. The team demonstrated the work of the  application’s test version in the framework of the exhibition in Stuttgart. “Bison will make trading digital coins easier for users. This platform will be the first cryptocurrency application created and maintained by a traditional stock exchange,” Ulli Spankowski, Head of Sowa Labs, said.

It should be noted that such a step is a clear demonstration of the interest shown by traditional exchanges towards the cryptocurrency market.


Publication author

offline 2 hours


Comments: 0Publics: 212Registration: 21-03-2018
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto Consulting FZE
Free copying and distribution of materials from the Cryptoconsulting site is allowed only with the indication of an active link to Cryptoconsulting source. Specifying a link is also mandatory when copying content to social networks or print editions.

Copyright © 2017 CryptoConsulting

To Top
A password has not been entered
Password generation