Boerse Stuttgart is Germany’s second-largest stock exchange.

In another sign of the growing adoption of cryptocurrencies, Boerse Stuttgart announced Monday that Bison, its crypto trading app had clocked, year to date, a total trading volume of € 1 billion (over $ 1.2 billion).

It said that active users of the Bison trading app had surged by 180% to 206,000 in the same period. Also, during November, the app scaled daily record trading volumes on several days during the month. On some days trading even exceeded € 35 million. (Bitcoin.com)

BISON: Simple, reliable trading is the key

“The positive development shows that with simple and reliable trading we are making the right offer in an exciting market environment for cryptocurrencies,” said Ulli Spankowski, CEO of Sowa Labs GmbH, the subsidiary of Boerse Stuttgart Digital Ventures GmbH which developed the Bison app.

He added that the surge in volumes and the user base were beyond the expectations of the exchange.

BISON

The features of Boerse Stuttgart’s Bison crypto trading app are as follows:

• Tradable cryptocurrencies are Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Ripple (XRP)
• Crypto trading is free
• BISON makes its profits from the spread between buying and selling the cryptocurrencies to the users
• The app users buy from and sell cryptocurrencies to Euwax AG, the trading partner of BISON and a subsidiary of Boerse Stuttgart.
• Similarly, blocknox GmbH, another subsidiary of Boerse Stuttgart, is responsible for the custodial operations of the app on an escrow basis.
• Trading on the app is available 24 hours a day seven days a week

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