Financial and technical division of the second largest German stock exchange is planning to launch the new application at the end of the year. It is designed for cryptocurrencies trading.
Last Friday Sowa Labs, the subsidiary of Börse Stuttgart, presented the new application which will be available for use in September. Initially it will propose trading support of BTC, ETH, XRP and LTC. According to information from official site of application, in the nearest future more assets will be added to the platform. The application named Bison will be free for download. As the developers said, the sales charges will not be collected. The prototype of this application will be demonstrated at the exhibition in Stuttgart this week. As the managing director of Sowa Labs Ulli Spankovski said, Bison would simplify the trading of cryptocurrencies. It is the first cryptocurrency application in the world supported by traditional stock exchange. The exchange purchased Sowa Labs in December, 2017, getting 100% in startup.