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Cryptocurrencies

Large German stock exchange set to roll out crypto trading app

Monday 16 April 2018 | 10:41 AM CET

The fintech arm of Germany’s second-largest stock exchange has announced plans to launch a cryptocurrency trading app later in 2018, according to CoinDesk.

Sowa Labs, a subsidiary of Börse Stuttgart, said the app would be available for use in September 2018 and will initially offer trading support for Bitcoin, Ether, XRP and Litecoin, the online publication continues. However, according to the app’s official website, more assets will also be added to it.

The app, called Bison, will be free to download and, according to its developers, will not charge trading fees at launch. The exchange acquired Sowa Labs in December 2017, taking a 100% stake in the Ulm-based startup. While the exact figure is not known, the acquisition price was reportedly in the millions of Euros.

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