Germany's second largest stock exchange, the Börse Stuttgart Group, has officially confirmed the launch of the previously announced Bison cryptocurrency trading application.
The application was developed by Sowa Labs, a division of the Stock Exchange, and initially, its launch was planned in 2018.
In the comments of Finance Magnates CEO Sowa Labs, Ulli Spankowski also added that bidding through the new application will be available seven days a week from 06:00 to 24:00 local time, and developers plan to earn money on price spread. In the future, it is also planned to connect users from other countries.
It is reported that Blocknox, another division of the Stuttgart Stock Exchange, will be responsible for storing the assets. Deposit processing will be mediated by Fintech-company solarisBank.
At the same time, the German business publication Handelsblatt notes that Bison is only an interface, and the transactions themselves will pass through the Bitstamp exchange. Also, developers are planning to connect to the Kraken exchange.
Plans of the Stuttgart Stock Exchange also present the launch of its own crypto trading platform. According to the latest statement, this should happen in the second half of 2019