An upcoming cryptocurrency app has been confirmed by Sowa labs, a subsidiary of Boerse Stuggart, Germany’s second-largest stock exchange. During autumn, this latest app, Biso is anticipated to be provided in German, anticipated pretty soon is the English version.
Upcoming App Cryptocurrency Trading Announced by Boerse Stuttgart Subsidiary
The purpose of Bison app is to offer simple means for an investor to gain exposure to the virtual currency sector and also Bison will be provided free of charge. The app will be the first to be released by a German company and the first virtual currency to be supported by a stock exchange, as indicated by Sowa Labs. No additional trading fees will be charged by the firm, Bison reiterated.
It is the premier virtual currency app worldwide to have a conventional stock exchange backing it and also Bison makes transacting in virtual currencies simpler, according to Ulli Spankowsi the managing director at Sowa Labs.
In a German finance and investment trade fair commonly known as Invest in Stuttgart, a prototype for Bison was presented. Currently, the German version of Bison is set to be available in autumn, in the meantime, Boerse Stuttgart also confirms the release of the English version soon after.
The app will start by providing pairings for XRP, BTC, ETH, and LTC initially and soon after the company will offer more crypto assets.
Publish Survey by Sowa Labs on Digital Currencies
A survey of 1, 019 traders in relations with their view on digital currencies was undertaken by the Sowa labs. Among the respondents, fifty-four percent account for thirty-five years of age or younger, additionally, Eighty-one percent were made up of males and Nineteen percent account for females respectively.
In addition to the above, around eighteen percent claim that they own multiple virtual currencies whilst sixteen points nine percent of the respondents state they own a single digital currency. Evidently, the survey showed that the virtual currency ecosystem is male dominant with females accounting for just 11 percent while male thrift with forty percent claiming to possess one or more crypto trading accounts.
From 2017 upwards, more than eighty percent of respondents opened their first virtual currency trading account, while forty-nine percent participated in the industry in just the previous year. Moreover, just sixty=seven percent trade on a monthly basis. Only eleven percent of respondents aged thirty –five trade on a daily basis and thirty-one percent of the same age group trade on a weekly basis.