Sowa Labs, a fintech subsidiary of Boerse Stuttgart, the second largest German retail derivatives exchange, has launched Bison, a mobile app for cryptocurrency trading, which will support the trading of Bitcoin, Ethereum, Ripple and Litecoin. This is reported by CCN.
The Bison app, which was developed by Boerse Stuttgart, will be available for cryptocurrency traders in the fall, while Germany is at the forefront of retail exchanges that exploit cryptocurrencies. You have to opportunity to sign up now for the VIP list, which would make you one of the first users to get to try the app when it is released in September. Signing up for the VIP list also makes you eligible to win prizes, such as one Bitcoin (if you’re one of the first 1000 people to sign up) and other cryptocurrencies.
The Bison app rivals Robinhood because there are no trading commissions , at the same time it is a signal that shows that retail exchanges are starting to emerge from the margins to participate in the cryptocurrency business.
BISON won’t require you to have any sort of crypto wallet, nor will it charge any additional trading fees. The price you see is the price you get.
It is the first encryption app in the world to have a traditional stock exchange behind it, according to Ulli Spankowski, CEO of Sowa Labs.
Even the giant Yahoo is trying to enter the cryptocurrency market. In recent days it was announced that Yahoo Japan has acquired 40% of the shares in the Tokyo criptovaute exchange called BitARG.