The second largest stock exchange Germany Stuttgart Börse, trading volume is more than $ 100 billion, has announced plans to launch a free app for trading cryptocurrencies. App for smartphones, called “Bison” was developed in collaboration with FINTECH startups Sowa Labs.
Since the launch of the application will be supported by four cryptocurrencies: bitcoin, Ethereum, Litecoin and Ripple, and in the near future should appear and other cryptocurrencies.
The platform also has a tool for data analysis based on artificial intelligence (AI), called “Cryptoradar”, which daily analyzes more than 250,000 tweets from the cryptocurrency sector to give an idea about the mood of the community in real time. At the time of publication of this article, Cryptoradar shows that Bitcoin, Ethereum, Litecoin are in the neutral zone and approaches the positive Ripple spectrum.
The prototype application was presented at the financial and investment trade fair Invest in Stuttgart Dr. Ulli Stankovski, managing Director of Sowa Labs, who said that the Bison “is the first cryptocurrency app in the world, behind the traditional stock exchange”.
We will remind that last week a mobile app for traders Robinhood, has managed to attract 363 million US dollars in funding in order to expand its cryptocurrency activity on the whole territory of the United States. During this round of financing, the company was valued at more than $ 5 billion.