Second Largest Stock Exchange In Germany Is Creating A Crypto Trading Platform!
Börse Stuttgart, one of the largest European exchanges and the second largest in Germany, has launched a cryptocurrency platform.
The Stuttgart Stock Exchange said in a statement that the Bison project will make it easier to trade virtual currency.
Initially, only four will be available: Bitcoin, Ether, Litecoin and Ripple. The prototype has already been launched, and a full-fledged product is planned for the fall. At the moment, this is the first application that allows you to make transactions with cryptocurrency, launched by a classic exchange..
The creators are trying to find a way to reduce the level of market uncertainty, so they launched a special tool that automatically analyzes more than 20,000 tweets from thematic communities every 5–6 seconds to determine the mood of traders in real time.
Bison developers say they plan to significantly simplify the registration process. Instead of the usual several days of waiting, users can fully work in a few minutes. The exchange was prompted to create a cryptocurrency platform by a survey of investors, which showed that many would like to get easy access to the digital currency market. In the future, the site intends to expand the list of available virtual instruments.
As a reminder, CME is approaching the launch of Ether futures.
text: Ivan Malichenko, photo: Boerse.de