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Börse Stuttgart, the second largest stock exchange in Germany, is to launch a cryptocurrency trading application later this year.
The app, called ‘Bison’, will be launched by the fintech arm of the bourse, Sowa Labs. According to the official website the app will not charge trading fees. Features will include a social media analysis tool which will filter thousands of Twitter posts in order to keep the user informed of market sentiment. It will initially offer Bitcoin, Ethereum, Litecoin and Ripple trading, with more to be added soon.
A prototype of the application will be displayed at a trade show in Stuttgart this week, according to CoinDesk.
Ulli Spankowski, managing director of Sowa Labs, 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 was established in 1860 and in January 2018 reported turnover of €7.5 billion, trailing only the Frankfurt Stock Exchange. It purchased Ulm-based startup Sowa Labs in November 2017 for a “seven-digit figure”, according to the official press release.
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