BISON the trading app launched by Germany’s second-largest stock exchange group Boerse Stuttgart has attained 81,000 active users. This information revealed by the firm shows the growing number of crypto users on the platform since its launch last year, and crypto adoption.
According to Bison representative Dr. Ulli Spankowski, the development of Bison has been exponential and the exchange has received valuable feedback from its users that has been used to improve the interface of the app.
The crypto exchange has witnessed more features since launch. Initially offering trading support for Bitcoin, Ethereum. BISON expanded its operations by enabling trading of XRP and Litecoin on its platform last September.
There have also been added upgrades to the app with individual price alerts added and info report declaring taxable amounts on trade. In addition the BISON began incorporating 24 hours trading from October 2019.
The trading app has continued with more developments in 2020 with users now able to transfer Bitcoin from external wallets into BISON. In addition, there are plans for a desktop version and the listing of Bitcoin Cash (BCH) as tradable currency on the platform.
Boerse on Track to Become the Largest German Digital Currency Exchange Firm with BISON Success
BISON development bodes well for Boerse which has been able to expand its operations successfully to the crypto landscape. It is anticipated that Bison would make Boerse become the largest German digital currency exchange market.
Boerse continues to lead the charge of mainstream financial institutions floating crypto exchanges while following the standards set in the stock exchange market.
This would lead to transparency, reliability and ability to prevent wide fluctuation of Digi assets which may represent a loss to the company. Boerse also intends to widen the functionality of BISON to both primary and secondary markets.
The success of BISON for Boerse is likely to spur the adoption of cryptocurrencies within major European stock exchange companies. Cryptocurrency has become the order of the day with the crypto market cap currently valued at $257 billion. There are thousands of digicoin with more being introduced daily and many countries are developing their official cryptocurrency.