Germany’s second largest stock exchange recently unveiled a cryptocurrency trading app called Bison. Find out how it works today in our review.
What Is Bison?
Bison, found online at BisonApp.de, is a German cryptocurrency trading app scheduled to launch in September 2018.
The app was created by Sowa Labs, the fintech division of Börse Stuttgart, the country’s second largest stock exchange. Sowa Labs announced the app on Friday, April 13. They’ve also been showcasing a prototype of the app during a trade show in Stuttgart this week.
Bison will be free to download. Surprisingly, the exchange doesn’t plan to charge trading fees at launch.
How Does BISON Cryptocurrency Trading App Work?
Bison’s main goal is to make it easier to trade cryptocurrencies. The app will offer straightforward cryptocurrency trading backed by the power of Germany’s second largest stock exchange.
As Sowa Labs explained in a statement, “Bison makes trading in digital currencies easy. It is the first crypto app in the world to have a traditional stock exchange behind it.”
At launch, the app will support trading in bitcoin, Ether, XRP, and Litecoin, with more coins expected to be added over the coming months.
Obviously, there are plenty of other cryptocurrency exchanges available today. Why would you use Bison? Well, one of the unique things about Bison is its Cryptoradar feature. Cryptoradar allows Bison to analyze over 250,000 tweets from the cryptocurrency community every day. The system summarizes the most important information for you. You can see news impacting crypto prices, then find out which coins are being talked about the most.
Overall, Bison will be a straightforward cryptocurrency trading app with an easy UI, a fast signup process, and no-cost cryptocurrency trading.
Bison Features And Benefits
Although Bison won’t launch until September, the BisonApp.de official website already features a number of major benefits related to the app, including:
Start in Minutes: Entering the cryptocurrency world is easy with Bison. You don’t need an existing cryptocurrency wallet, nor do you need to complete any paperwork. Instead, you can just download the Bison app and start trading as soon as possible.
View Portfolio and Balance: Bison lets you track your portfolio value and the price movements of any cryptocurrencies you hold (hodl).
Fast and Easy Cryptocurrency Trading: Bison will offer fast and easy cryptocurrency trading in bitcoin, Ether, Litecoin, and Ripple, with more assets likely to be added before launch in September.
Real-Time Market Updates: Make informed decision by paying attention to Bison’s real-time market updates and unique analysis features like Cryptoradar.
No Hidden Fees: Bison doesn’t just avoid hidden fees. The platform doesn’t charge any fees. The app is free to download, and trading will be free for users. It’s unclear if Bison will add fees in the future, or if it’s maintaining a no-cost model permanently.
Who’s Behind Bison?
Bison is being developed by Sowa Labs, a division of Börse Stuttgart, which is Germany’s second largest stock exchange. The exchange acquired Sowa Labs in December 2017 and took a 100% stake in the Ulm-based startup. The acquisition was reportedly worth millions of Euros.
Sowa Labs is based in Ulm, while Börse Stuttgart is based in nearby Stuttgart.
BISON Cryptocurrency Trading App Conclusion
Bison aims to make it easier than ever for Germans to buy, sell, and trade cryptocurrencies like bitcoin, Ethereum, Litecoin, and Ripple. The platform is being launched by Sowa Labs, a division of Börse Stuttgart, which is Germany’s second largest stock exchange.
Bison is scheduled to launch in September 2018. The app will be free to download and will offer free cryptocurrency trading to all users.
To learn more about Bison and to stay up-to-date on its development, visit online today at BisonApp.de.