In what is being hailed as a milestone for the world of cryptocurrencies, Stuttgart saw the launch of the world’s first trading place for Bitcoin and competitors organized by a regulated stock exchange operator. The new “Bison” platform will allow users to trade cryptocurrencies – including Bitcoin, Ethereum, Litecoin and Ripple – free of charge via smartphone app on the Stuttgart Stock Exchange.
Among the reported advantages of Bison over rival trading platforms are its backing by a traditional securities exchange, an enhanced user experience, the ability to trade without a “crypto wallet,” and the ability to operate within the regulatory and legal framework of Germany.
The Stuttgart-based company will initially cooperate with foreign-based cryptographic platforms Bitstamp and Kraken. However, in the summer of 2019, Bison plans to launch its own marketplace on which crypto assets will be traded independently of its foreign partners. In a third step, it plans to allow the trading of tokens issued in so-called initial public coin offerings (ICOs) on its platform.