Cryptocurrency trading with the app of the second largest German stock exchange, Boerse Stuttgart, has reached a record volume. One billion euros in crypto currencies have been traded so far this year via the exchange’s crypto trading app Bison.
1 billion euros in crypto trading volume
The second largest German stock exchange, Boerse Stuttgart, announced on Monday that its cryptocurrency trading app Bison has reached a trading volume of 1 billion euros (over 1.2 billion US dollars) this year.
The trading volume with cryptocurrencies at Bison also reached record highs of over 35 million euros for several days in November. The number of active users of the Bison app also increased by 180% to 206,000 over the same period.
“The increase in the number of users and the trading volume at Bison in the current year has far exceeded our expectations,” comments 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 we are making the right offer with simple and reliable trading in an exciting market environment for cryptocurrencies.
With the Bison app from Boerse Stuttgart, users can “trade Bitcoin, Ethereum, Litecoin, Bitcoin cash and Ripple (XRP) for free and at the prices displayed in the app”.
Boerse Stuttgart also operates a regulated cryptocurrency exchange called BSDEX (Börse Stuttgart Digital Exchange). The company stated: “BSDEX meets the regulatory requirements under Section 2 (12) of the Banking Act.” Customers can use the exchange to buy and sell Bitcoin, Litecoin, Ethereum and XRP.
What do you think of Boerse Stuttgart’s record volume in crypto trading? Let us know in the comments below.
Photo credits: Shutterstock, Pixabay, Wiki Commons, Borse Stuttgart
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