Germany’s 2nd Largest Stock Exchange Launching Zero Fee Cryptocurrency Trading App

Germany’s 2nd Largest Stock Exchange Launching Zero Fee Cryptocurrency Trading App

Stuttgart Borse, the second-largest German stock exchange, has announced that they’ll be launching a zero fee cryptocurrency trading app. The smart phone app, Bison, will be available in fall of 2018. It’s been developed by the fintech startup Sowa Labs.

The app will support 4 cryptocurrencies: Bitcoin, Ethereum, Litecoin and Ripple. The trading process within the app aims for convenience so it will be eliminating the need for crypto wallets or any sort of paperwork.

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Bison also is reported to have an artificial intelligence analysis tool called Cryptoradar. This tool will analyze over 250,000 crypto related tweets from the crypto sphere and give real-time insight into the community sentiment.

Dr Ulli Spankowski, Managing Director at Sowa Labs states that this is the first cryptocurrency app in the world to have a traditional stock exchange backing it. Sowa Labs since a survey to 1000 participants which showcased that the majority of investors are seeking easier access to the crypto marketplace.

In other news, Robinhood raised $363 million in funding to expand its US cryptocurrency exchange app which plans to support 16 different cryptocurrencies on a zero fee basis. With this funding, Robinhood became the second most valuable fintech startup in the US.

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