German Stock Exchange Launches Cryptocurrency Trading App

A subsidiary of Boerse Stuttgart brings cryptocurrency trading app to mass market, releasing BISON app in autumn 2018
14 April 2018   507

Börse Stuttgart (SWB) is a stock exchange in Germany, the second largest in the country and the ninth largest in Europe. Sowa Labs, a subsidiary of German retail investment exchange, Boerse Stuttgart, reportedly brings cryptocurrency trading app to the mass market, as it is going to release BISON app in autumn 2018.

BISON is an application which should make trading in digital currencies easy, and it will be the first cryptocurrency app in the world backed by traditional stock exchange.

With BISON, also registering and providing proof of identity is less complicated. Users can trade cryptocurrencies free of charge with the app.
 

Dr Ulli Spankowski

Managing Director, Sowa Labs

 With BISON activation for trading only takes a few minutes, there is no need for crypto wallets, and BISON does not charge any trading fees. Also it will have such feature as the Cryptoradar service, which "gives a general view of the market in and provides information on which cryptocurrencies are currently being discussed". 

SEC to Need More Info on BTC ETF

SEC is gathering more input from the public – to date, according to the agency, more than 1,400 comments have been submitted
21 September 2018   134

The US Securities and Exchange Commission (SEC) announced the beginning of a formal process for considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX. Nevertheless, the agency appealed to the community for more information. This is stated in the document published on the SEC website.

Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change.
 

The US Securities and Exchange Commission

At the moment, the SEC received about 1,400 comments.

According to the document, the Chicago Board Options Exchange (CBOE) has signed an agreement on the exchange of data on bitcoin transactions, trading and the state of the market with the cryptocurrency trading platform with Gemini.

The agency asked commentators to clarify the position of Gemini in the digital currency market and assess the likelihood of increased volatility at this site in connection with possible trades of bitcoin-ETF.

So, before September 30, the department had to decide on whether to approve, deny or initiate the proceedings. The SEC chose the latter, which is likely to delay the process until the next year.