Bitcoin
$63,621.54+3.89%
Ethereum
$3,070.64+2.60%
Binance Coin
$552.61+2.69%
Solana
$141.17+4.63%
XRP
$0.50271036+1.45%
Toncoin
$6.56+6.42%
Dogecoin
$0.15336185+3.02%
Cardano
$0.45740104+1.93%
Shiba Inu
$0.00002289+3.16%
Avalanche
$35.16+2.81%
Wrapped Bitcoin
$63,686.65+5.80%
Tron
$0.10943432-0.93%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
01
DAY
21
HR
56
MIN
38
SEC
Markets

Boerse Stuttgart Group Says Its Crypto Trading App Has Hit €1B Volume in 2020

Germany’s second-largest stock exchange says its trading app Bison exceeded its expectations this year.

By Tanzeel Akhtar
AccessTimeIconDec 7, 2020 at 1:02 p.m. UTC
Updated Sep 14, 2021 at 10:39 a.m. UTC
Boerse Stuttgart location in Gustav-Heinemann-Platz.
Boerse Stuttgart location in Gustav-Heinemann-Platz.
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Germany’s second-largest stock exchange, Borse Stuttgart, announced on Monday that its Bison crypto trading app has achieved trading volume of €1 billion (US$1.21 billion) so far this year.

  • The stock exchange reported that in November there were several days where the app saw record daily trading volumes exceeding €35 million ($42.3 million). Over the year so far, active users also hit new highs, increasing by 180% to 206,000, the group said.
  • "The increase in user numbers and the trading volume on Bison in the current year have far exceeded our expectations," said Ulli Spankowski, CEO of Sowa Labs GmbH, the subsidiary of Boerse Stuttgart, which developed the app.
  • Launched in 2018, the app allows users to trade bitcoin, ether, XRP, litecoin and bitcoin cash.
  • Rather than charging fees, Bison makes a profit from the spreads between the buying and selling prices.
  • Boerse Stuttgart also has a crypto exchange launched earlier this year, providing regulated access for institutional and retail investors initially via a bitcoin-euro pair. It later added ether, litecoin and XRP.

See also: Germany’s No. 2 Stock Exchange Unveils Crypto Trading App

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.