Image default
Special Bitcoin News

German Stock Exchange’s Crypto Trading App Surpasses $1 Billion Volume This Year

Germany’s Second-Largest Stock Exchange’s Crypto Trading App Sees Record Volumes: 1 Billion Euros This Year

Cryptocurrency trading on the app provided by
Germany’s second-largest stock exchange, Boerse Stuttgart, has
hit record volumes. One billion euros in cryptocurrencies have been
traded on the exchange’s crypto trading app, Bison, so far this
year.

1 Billion Euros Crypto Trading Volume

Germany’s second-largest stock exchange, Boerse Stuttgart,
announced Monday that its cryptocurrency trading app Bison has
reached a total trading volume of 1 billion euros (over $1.2
billion) so far this year.

The cryptocurrency trading volume on Bison also hit record highs
several days in November, exceeding 35 million euros. The number of
active users of the Bison app has also increased by 180% to 206,000
during the same time period.

“The increase in user numbers and the trading volume on Bison
in the current year have far exceeded our expectations,”
commented Ulli Spankowski, CEO of Sowa Labs GmbH, the subsidiary of
Boerse Stuttgart Digital Ventures GmbH which developed the Bison
app. He added:

The positive development shows that with simple and reliable
trading we are making the right offer in an exciting market
environment for cryptocurrencies.

Using Boerse Stuttgart’s Bison app, users “can trade
bitcoin, ethereum, litecoin, bitcoin cash, and ripple (XRP) free of charge
and at the prices displayed in the app,” the announcement
details.

Boerse Stuttgart also operates a regulated cryptocurrency
exchange called
BSDEX
(Börse Stuttgart Digital Exchange). The company
explained that “BSDEX meets the regulatory requirements in
accordance with section 2, paragraph 12 of the German Banking Act
(Kreditwesengesetz).” Customers can use the exchange to buy and
sell bitcoin, litecoin, ethereum, and XRP.

What do you think about Boerse Stuttgart’s record
crypto trading volumes? Let us know in the comments section
below.

The post
German Stock Exchange’s Crypto Trading App Surpasses $1 Billion
Volume This Year
appeared first on Bitcoin News.

Related posts

From Startup to Success Story — Morpheus.Network Is Transforming Global Trade With Blockchain

Chinese Police Return Bitcoin to Victim in 3 Million Yuan Theft Case

Report: Declining BTC Stablecoin Supply Ratio Suggests Exchanges Are ‘Highly Liquid & Ready to Buy’ Crypto Assets

Translator / 翻译者 / Traductor