Boerse Stuttgart’s BISON launches crypto savings
“They can now invest regularly and automatically in cryptocurrencies and benefit from the cost-average effect.”
Boerse Stuttgart Group’s crypto platform BISON has announced the launch of a savings feature to address client demand.
Users will now be able to create savings plans for the tradable cryptocurrencies in the app and the desktop version of BISON: Bitcoin, Ethereum, Litecoin, Ripple (XRP), Bitcoin Cash, Chainlink, and Uniswap.
Crypto savings on BISON start from 0.01 euros per week
Starting at a savings rate of 0.01 euros per week, month or quarter, the savings plans are meant to complement the already vast offering provided by the BISON app, under the Boerse Stuttgart Group’s umbrella.
Ulli Spankowski, CEO of Sowa Labs GmbH, the subsidiary of Boerse Stuttgart Digital Ventures GmbH, said: “With savings plans, we are implementing a functionality frequently requested by our users. 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.”
Sowa Labs developed the BISON app a few years ago and has seen the trading app grow in popularity year over year. BISON currently serves more than 500,000 active users and trading volume in 2021 is around EUR 5.3 billion.
The app allows users to trade Bitcoin, Ethereum, Litecoin, Ripple (XRP), Bitcoin Cash, Chainlink, and Uniswap with no commission and with solid execution and liquidity.
BISON stands on the shoulders of giants
The cryptocurrency market works 24/7 and BISON keeps up with that market, making its profit from the spreads between the buying and selling prices displayed, with no other additional costs.
BISON also features limit orders, where users set a price at which they want to buy or sell a cryptocurrency, which comes in handy for users doing their “homework”.
Boerse Stuttgart was an early adopter of crypto, having developed significant infrastructure to handle the nascent industry at the highest standards.
The trading partner of the users at BISON is EUWAX AG, a subsidiary of Boerse Stuttgart GmbH that is regulated in Germany as a financial services provider.
blocknox, a subsidiary of Boerse Stuttgart Digital Ventures GmbH, takes care of the custody of cryptocurrencies for users at BISON on an escrow basis. The crypto custodian has recently bought insurance for a part of its assets under custody, which protects against hacker attacks and theft.