Stock exchange Börse Stuttgart has revealed its new project: a crypto-exchange app that doesn’t require paying any fees for trading operations. Bison, which is the name of the app, will support major coins such as Bitcoin, Ethereum, Litecoin, and Ripple.
The official announcement was made by Swoba Labs, a subdivision of Börse Stuttgart responsible for the product’s development. The plan is to list more coins in the future and to expand internationally, Germany being the first country to get access to the application.
“Bison makes trading in digital currencies easy. It is the first crypto app in the world to have a traditional stock exchange behind it,” stated the Managing Director of Swoba Labs Ulli Spankowski.
The goal is to develop an app appealing both to newbies and veteran traders, giving them an opportunity to move their digital assists using mobile phones and tablets.
Spankowski claimed that registering with the system is much easier compared to other platforms due to the streamlined process of providing proof of identity. The app is also going to feature a “Cryptoradar”, an AI-driven algorithm which supplies the users with the most helpful info from the crypto-world.
The absence of fees gives Bison a really good chance of becoming popular in the community. The other zero-fee exchange, Robinhood, has already exerted its influence on the market, making the competitors lower their transaction prices.