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Major Exchanges to Offer Cryptocurrency Trading

As cryptocurrencies have gained in popularity, a long list of specialized cryptocurrency exchanges have popped up to meet the needs of traders. However, these new players are often unregulated, and traders have no way of verifying the accuracy of order books and other key data.

A few well established exchanges now have plans to offer cryptocurrency trading. Likely, the entrance of the these brand names will enable increased standards and trust in the space.

Börse Stuttgart

A major German stock exchange, Börse Stuttgart, has announced that it will offer a cryptocurrency trading application. The exchange claims to be the first traditional stock exchange to offer a service of this kind. It plans to release the new app, called BISON, this September. Key features include:

  • Bitcoin, ether, XRP, litecoin support
  • Free trading
  • Rapid account opening (a few minutes)
  • View of relevant social media discussions powered by AI
  • German language support followed by English language support

Börse Stuttgart has been operating since 1860 and is the 10th largest exchange in Europe by trading volume. It will release BISON through its Sowa Labs subsidiary. Sowa Labs, a fintech startup, launched in 2013 and was acquired by Börse Stuttgart in 2017.

Sowa Labs recently conducted #thefutureofcrypto survey. The survey involved ~1,000 online participants and revealed that 44% have refrained from trading cryptocurrencies because they lack trust in cryptocurrencies or the exchanges. Additionally, two-thirds of respondents said that opening and funding of new cryptocurrency trading accounts should take less than a day. For reference, funding a Coinbase account can take 7-10 days. The BISON application may successfully address these concerns via its brand name and Rapid Account Opening process.

TMX Group

TMX Group, owner of the Toronto Stock Exchange, has also announced that it will launch a cryptocurrency brokerage service for bitcoin and ether (planned for Q2 2018). The brokerage service will operate through TMX Group’s Shorcan Digital Currency Network (Shorcan DCN) subsidiary. TMX Group has not yet provided details on the new offering.

The post Major Exchanges to Offer Cryptocurrency Trading appeared first on Bitcoin Trading & Law.



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Major Exchanges to Offer Cryptocurrency Trading

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