The second largest stock exchange in Germany and ninth largest exchange in Europe, Stuttgart, has announced that it is launching a cryptocurrency exchange soon. In the first half of 2019, the exchange will be launched in collaboration with solarisBank, a Berlin-based fintech organization that offers cryptocurrency trading banking services.
Börse Stuttgart is going to power the new Bison mobile app for trading. The app will be available on the German app stores by the end of January 2019. The app will also have cryptocurrency trading functionality for different groups of traders. The announcement on the official Twitter handle was as follows:
“Boarding has started. We have started beta testing for the BISON mobile app with some VIP testers. We will start accepting new subscribers by January. Also, we plan to publish the BISON App on the German app stores.”
New Win For Cryptocurrencies
BISON App is going to be the first cryptocurrency exchange with German roots. It was designed specifically, capitalize on the ever growing market of mobile traders. The company has promised to keep the app simple and create a news aggregation segment that will make it easy for users to stay informed about the cryptocurrency industry. They will also be able to view their assets and trade on the platform without paying additional fees.
BISON also offers a Crytoradar feature that allows users to conduct real-time analysis and get summaries of appropriately 250,000 tweets from around the cryptocurrency community daily. By entering into the mobile cryptocurrency trading space, Bison hopes to increase the awareness and adoption of digital assets in Germany. As the largest economy in Europe and the fourth largest in the world, Germany is a great base for cryptocurrency adoption.
Cryptocurrency Price Analysis
Ethereum took a surge above $130 yesterday attempting to test the $140 level. Today, ETH is trading at $130.18. This shows that it is up by 15.89% against the USD and up by 13.32% against Bitcoin. The trading volume over a 24 hour period is $3,442,110,350 and the market capitalization is $13,533,488,071.
XRP is trading at $0.369443. It is up by 2.84% against the USD and up by 0.73 against Bitcoin. The trading volume over a 24 hour period is $527,147,794 and the market capitalization is $15,071,098,976. XRP will have to gather momentum if it is to maintain its position as the second largest cryptocurrency per market capitalization because ETH is still on the rise.