An upcoming crypto trading platform which is owned by Borse Stuttgart has announced plans to list four top cryptocurrencies when it starts operation initially. The announcement was made on December 18 through the official twitter account of the company.
Borse Stuttgart is the second largest stock exchange in Germany. Through its subsidiary, Sowa Labs, it has developed Bison App a crypto trading platform that will go into beta testing sometime in January 2019.
The crypto trading platform will rival Robinhood
The Bison App is designed to rival Robinhood by offering crypto users fee-free trading. In April of this year, Ulli Spankowski, the managing director at Sowa Labs described it as ‘the first cryptocurrency app in the world that would be backed by a traditional stock exchange.’
The crypto trading platform had planned to start operation in September, but after a series of delays, the launch was pushed back towards the end of January in 2019. Bison app will initially support Bitcoin, Ethereum, Litecoin, and Ripple according to another tweet made this month. The crypto trading platform promises to add support for more cryptocurrencies in the future.
The platform will offer crypto users a simplified ID verification which will be part of a raft of design and UX solutions that are intended to create an experience that is as seamless as possible. Spankowski says that users of the app can expect to complete the KYC process within minutes as compared to days that it takes on other platforms.
Users of the platform will also be availed with a crypto radar tool. It will provide users with real-time market sentiment through aggregating and analyzing more than 250,000 tweets to gauge the investment mood and the interest of the market participants.
After the launch takes place, the services offered by the app will be rolled out in tiers to various user groups.
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