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Monday, 20 May 16:49 (GMT -05:00)



Foreign exchange market

German Stock Exchange Börse Stuttgart Welcomes Cryptocurrencies


Soon enough, maybe this fall, German stock exchange Börse Stuttgart is going to start working with cryptocurrencies. For that purpose, the exchange is expected to use its branch. Trading cryptocurrencies will be implemented through the Bison app. The expected trading turnover is around 100 billion dollars.
 
Börse Stuttgart’s official website reads that Bison is expected to simplify the process of trading cryptocurrencies for consumers. The platform is ready and is currently being tested. Users can get familiar with it in trial mode. For now, the exchange is planning to launch Bison this fall if everything is OK. At this point, the user interface is available in German only. This fall, they are planning to introduce the English version of Bison to make the platform available to international traders.

At first, the exchange is planning to offer 4 major cryptocurrencies ­– Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Ripple (XRP). Later on, some other digital currencies will be added to the list.

The good news is that trading cryptocurrencies through Bison will be free of commissions and fees. Also, they are planning to launch a news channel providing users with the most essential and crucial news data after analyzing 250 000 online sources on a daily basis.

 

In the meantime, the global market of cryptocurrencies has been following a downtrend. Bitcoin has been moving down to the $7,9-8,1K USD/BTC area of support over the last few trading days. For now, CoinMarketCap names the following exchange rates.

Bitcoin – 8311 USD/BTC, Ethereum – 701 USD/ETH, Ripple – 0,69 USD/XRP, Bitcoin Cash – 1280 USD/BCH, Litecoin – 138 USD/LTC. All of them have lost a bit of their value. The total crypto market cap is now $382 billion.


 

 

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Forex and Cryptocurrency Forecast by NordFX. May 20-24, 2019

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