A crypto trading platform by one of Europe’s biggest stock exchange, Börse Stuttgart, has announced they have surpassed €1 billion in trading volumes.
That was driven by a huge increase in user numbers, up 180% to now total 200,000, with several days seeing record volumes in November.
“The user growth and the trading volume at BISON in the current year have far exceeded our expectations. The positive development shows that we are providing an easy and reliable option for trading in an exciting market environment for cryptocurrencies,” said Dr. Ulli Spankowski, a Bison developer.
Bison was launched in 2018 by Börse Stuttgart, offering bitcoin, ethereum, litecoin and XRP trading. They have now also added Bitcoin Cash.
They say EUWAX AG, a subsidiary of the stock exchange, handles the actual buying and selling of crypto, while another subsidiary, Blocknox GmbH, handles the custody.
This app is further available to anyone with their main residence in the European Economic Area or Switzerland.
Making this the biggest crypto trading platform by an established stock exchange with it now rising to significant volumes in just two years.