BISON promises free, simple, and secure cryptocurrency trading from smartphone. The second largest stock exchange in Germany, Börse Stuttgart Digital Ventures, is set to launch a cryptocurrency exchange app that will charge no trading fees for buying and selling digital currencies which can be done right from mobile devices.
Ulli Spankowski, Managing Director at 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… Users can trade cryptocurrencies free of charge with the app… With BISON, also registering and providing proof of identity is less complicated.”
A survey of more than 1,000 participants recently conducted by Sowa Labs showed that investors want easier access to the cryptocurrency market.
This is exactly the idea behind BISON: Opening a user account normally takes several days, but with BISON activation for trading only takes a few minutes, the team explained.
The app will use a few of the biggest cryptocurrencies: BTC, ETH, LTC, XRP. In the future, the team plans to support other currencies. The app will be available first in German and localization into English and possibly more languages is in plans.
On March 13, the team presented a prototype of the app at the finance and investment trade fair Invest in Stuttgart. BISON will be publicly available free to use in the fall this year.
The app also features Cryptoradar, an AI-based service that filters the news in social media and gives a general view of the market in real-time and provides information on which cryptocurrencies are currently trending.
There’s one more trading app, Robinhood, that offers trading of cryptocurrencies with no trading fees.
Such new developments in the crypto space like Robinson and BISON are forcing many cryptocurrency exchanges to lower their fees and reduce their withdrawals raising the competition on this volatile and risky market which is cryptocurrency.
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