03.31.2020

Boerse Stuttgart’s Crypto App Hits 100,000 Active Users

Uncomplicated and secure trading in cryptocurrencies on the smartphone: this is possible with BISON, Boerse Stuttgart Group’s crypto app. BISON has now hit the 100,000 active users mark. “The number of active users of BISON has grown by more than 40 percent since the beginning of 2020. Even in the turbulent market phases of the past few months, we have been able to offer the usual simple and reliable trading in cryptocurrencies. On this basis, we intend to increase our user numbers steadily,” said Dr Ulli Spankowski, CEO of Sowa Labs GmbH, the subsidiary of Boerse Stuttgart Digital Ventures GmbH which developed the BISON app.

Interested citizens with 72 nationalities can download the BISON app, provided that their principal place of residence is in the European Economic Area or Switzerland. The average age of users who have gone through the identification process at BISON is 37 years, with the age ranging from 18 to 91 years. The busiest weekday for trading on BISON is Wednesday. Bitcoin is by far the most frequently traded cryptocurrency.

Since its launch, BISON has continuously added new features. The individually adjustable price alerts offered by the app have proved popular: On peak days around 16,000 price alerts are triggered and sent as push notifications. In February 2020 the maximum order size was doubled to EUR 100,000. The next steps have already been planned: a desktop version of BISON and the introduction of Bitcoin Cash as an additional tradable cryptocurrency.

Users can trade Bitcoin, Ethereum, Litecoin and Ripple (XRP) on BISON, free of charge and at the prices displayed in the app. BISON makes its profit from the spreads between the buying and selling prices displayed. There are no additional costs for users. Trading on BISON is available 24 hours a day, seven days a week. The trading partner of the users at BISON is EUWAX AG, a subsidiary of Boerse Stuttgart GmbH that is regulated in Germany as a financial services provider. Users therefore buy and sell cryptocurrencies from and to EUWAX AG in each case. blocknox GmbH, a subsidiary of Boerse Stuttgart Digital Ventures GmbH, takes care of the custody of the acquired cryptocurrencies on an escrow basis.

Source: Boerse Stuttgart

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