Boerse Stuttgart’s BISON Launches Crypto Savings Plan

Boerse Stuttgart’s BISON Launches Crypto Savings Plan

by November 29, 2021

German stock exchange Boerse Stuttgart Group’s crypto platform BISON announced that it has rolled out savings plans for tradable cryptocurrencies. 

Plans start at a savings rate of 0.01 euros per week, month or quarter, and are accessible through BISON‘s app and the desktop platforms, the statement said.

The platform allows users to trade Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Chainlink and Uniswap.


reuters

Users are not charged fees, and the company monetises its service through the spreads between the buying and selling prices.

Boerse Stuttgart Digital Ventures GmbH subsidiary blocknox GmbH acts as the custodian for the cryptocurrencies on an escrow basis.

The savings plans are “a functionality frequently requested by our users,” Dr. Ulli Spankowski, CEO of Sowa Labs GmbH, a subsidiary of Boerse Stuttgart Digital Ventures GmbH and the developer of Bison, said.

BISON currently has about 530,000 active users with a trading volume of EUR 5.3 billion in 2021.

Dr Ulli Spankowski, CEO of Sowa Labs Gmbh

Dr. Ulli Spankowski

“They can now invest regularly and automatically in cryptocurrencies and benefit from the cost-average effect.

 

Like trading, investing with savings plans at Bison is as flexible and simple as possible,” 

Spankowski added.

 

 

Featured image: Boerse Stuttgart Group

 

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