Sowa Labs, a subsidiary of the Stuttgart stock exchange is the second largest stock exchange in Germany for retail derivatives launches mobile application Bison for trading cryptocurrencies.
While Bison supports trading bitcoin, ether, ripples and Lytkina. In the near future list plan to make and other cryptocurrencies. The app, which users will be able to in September 2018, will be available in German and English.
«This is the first app in the world that would have the support of a traditional stock exchange that will strengthen the safety of users,» said managing Director of Sowa Labs Szpankowski Ulli (Ulli Spankowski).
According to him, the application Bison will not take trading commissions.
«Users can trade digital currencies in the app free – cryptocurrency wallets do not need. Simply download the application below to start trading,» say the developers.
Traders often complain that the verification process associated with compliance with the rules of KYC and AML, although it is necessary for their own safety. App Bison greatly reduces the complexity of registration and confirmation of identity.
«Traditionally, opening a user account usually takes a few days – in Bison it only takes a few minutes,» – emphasizes Szpankowski.