Cryptocurrency trading on the app of Germany’s second largest stock exchange, Boerse Stuttgart, has reached record volumes. This year, a billion euros worth of cryptocurrencies has been traded on the exchange’s crypto trading app, Bison, so far.
1 billion euros in crypto trading volume
Germany’s second largest stock exchange, Boerse Stuttgart, announced on Monday that its cryptocurrency trading app Bison has reached a total trading volume of 1 billion euros (more than $ 1.2 billion) so far this year.
The cryptocurrency trading volume on Bison also reached record highs for several days in November, at more than 35 million euros. The number of active users of the Bison app also increased 180% over the same period to 206,000.
“The increase in user numbers and trading volume on Bison in the current year has far exceeded our expectations,” said Ulli Spankowski, CEO of Sowa Labs GmbH, the subsidiary of Boerse Stuttgart Digital Ventures GmbH that developed the Bison app. He added:
The positive development shows that with simple and reliable trading we are making the right offer in an exciting market environment for cryptocurrencies.
With Boerse Stuttgart’s Bison app, users can use “bitcoin, ethereum, litecoin, bitcoin cash and ripple (XRP) for free and at the prices displayed in the app, ”the announcement details.
Boerse Stuttgart also has called a regulated cryptocurrency exchange BSDEX (Börse Stuttgart Digital Exchange). The company explained that “BSDEX complies with legal requirements in accordance with Section 2, paragraph 12 of the German Banking Law (Kreditwesengesetz).” Customers can use the exchange to exchange bitcoin, litecoin, ethereum and XRP.
What do you think of the record volumes of the Boerse Stuttgart crypto trade? Let us know in the comments below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Borse Stuttgart
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