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Author Topic: German Stock Exchange Subsidiary To Release Crypto Trading App  (Read 47 times)
nikko14
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April 14, 2018, 10:32:15 AM
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Sowa Labs, a subsidiary of Germany’s second largest stock exchange Börse Stuttgart, will release a cryptocurrency trading app later this year, according to the app’s website.

The app, called Bison, will be available in September and will initially support trading of Bitcoin (BTC), Ethereum (ETC), Litecoin (LTC), and XRP. The website states that more assets will be included in the future. Bison also claims that they will charge no trading fees. The app will be available in German, and later in English.

Managing Director at Sowa Labs Dr. Ulli Spankowski said, “BISON makes trading in digital currencies easy. It is the first crypto app in the world to have a traditional stock exchange behind it.”

Börse Stuttgart acquired a 100 percent stake in Sowa Labs when it purchased the fintech startup last December. Alexander Höptner, member of the management board of Börse Stuttgart, said the acquisition of Sowa Labs helped fulfill part of the exchange’s digital strategy. While the exact cost of the acquisition is unknown, Höptner said that a seven-digit figure changed hands.

Last month, Canadian inter-dealer bond broker Shorecan DCN announced a partnership with Paycase Financial to launch a cryptocurrency brokerage service. The new initiative is planned to launch in the second quarter of 2018. The brokerage platform will focus on BTC and ETH.

Source: https://cointelegraph.com/news/german-stock-exchange-subsidiary-to-release-crypto-trading-app
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April 14, 2018, 10:52:01 AM
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Cool .... Very good information for bitcoin users ...
The more advanced bitcoin progresses in every major country that has legalized bitcoin .... I am sure that in the future bitcoin will be the preferred digital currency
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April 14, 2018, 10:54:53 AM
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Sowa Labs, a subsidiary of Germany’s second largest stock exchange Börse Stuttgart, will release a cryptocurrency trading app later this year, according to the app’s website.

The app, called Bison, will be available in September and will initially support trading of Bitcoin (BTC), Ethereum (ETC), Litecoin (LTC), and XRP. The website states that more assets will be included in the future. Bison also claims that they will charge no trading fees. The app will be available in German, and later in English.

Managing Director at Sowa Labs Dr. Ulli Spankowski said, “BISON makes trading in digital currencies easy. It is the first crypto app in the world to have a traditional stock exchange behind it.”

Börse Stuttgart acquired a 100 percent stake in Sowa Labs when it purchased the fintech startup last December. Alexander Höptner, member of the management board of Börse Stuttgart, said the acquisition of Sowa Labs helped fulfill part of the exchange’s digital strategy. While the exact cost of the acquisition is unknown, Höptner said that a seven-digit figure changed hands.

Last month, Canadian inter-dealer bond broker Shorecan DCN announced a partnership with Paycase Financial to launch a cryptocurrency brokerage service. The new initiative is planned to launch in the second quarter of 2018. The brokerage platform will focus on BTC and ETH.

Source: https://cointelegraph.com/news/german-stock-exchange-subsidiary-to-release-crypto-trading-app


Thank you for this very interesting news.

News like this one are what give me the utmost confidence that the cryptocoins market is still in great health and we do not need to fear any huge price crash as some people like to believe.

There is an ever growing interest from new companies, institutions and big giants of world's finance for this cryptocoins market to ever see a crisis.

At least for now, I see no danger at all of this happening.

Once again, thanks for the interesting news you have shared with us.
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April 14, 2018, 03:07:06 PM
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looking forward for this bison project. seems like exchanges are slowly shifting from traditional to blockhain aided technology. is it similar to GBX project? they produce rock tokens RKT as its utility token. how about bison?

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May 07, 2018, 11:56:23 AM
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Thanks for this interesting news.
It is a good news for german crypto traders as there is no trading fees.
ivrynx
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May 07, 2018, 12:15:52 PM
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This is good news not only for Germany, but for the rest of the world, projects like this only shows more legitimacy to cryptocurrencies and will only attract more and more traditional investors to invest in crypto currency, hopefully other countries will follow as well or if not, huge conglomerates in each country, try to created their own coins first, then their own exchanges, and unlike the traditional stock exchange, they can earn 24/7 with exchanges and will only give them morr profit, since it is not a joke if a stock exchange subsidiary, will realease a crypto trading app, other companies aside from ICOs might also looo into it.
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May 08, 2018, 11:32:48 AM
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Good news.Such news give us the utmost confidence that the cryptocoins market is still in great health
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