New App Allow Non-Fees Trading On German Stock Exchange

The times, they are a changing. In another sign that the march of advancement within the cryptocurreny sphere continues largely unabated, the second largest exchange in Germany, Stuttgart Börse, plans to begin a service this yesr that allows non-fees trading of top-tier cryptocurrencies. The initial four currencies will include Bitcoin, Ethereum, Ripple and Litecoin. This move tends to lend credence to what some close observers of the industry have cited as bestowing legitimacy to cryptocurrencies among the general public and paving the the way to attract institutional investors.

Coming Fall 2018: Bison The Mobile Trading App

The Stuttgart Börse, with trading volume that reach $100 billion, has enlisted the services of fintec developer Sowa Labs, in a bid to launce a mobile trading app by fall of 2018 that will allow free cryptocurreny trading within the exchange. As previously mentioned, four cryptocurrencies will initially be supported and other digital asset (as of yet unspecified) classes are planned for the near future.

The exchange also planes to implement a specialized type of artificial intelligence (AI) technology dubbed 'Cryptoradar' that will scan the web for hundreds of tweets related to cryptocurrencies and will employ algorithms that will provide real-time analysis of market sentiment. The goal is to provide a more realistic picture of movements within the market.

A Test Case For Things To Come?

Assuming a successful lauch of the app for Android and iOS and assuming users presented with a user friendly UI and secure transactions along with strong customer service, the Stuttgart could be the first publicly traded stock exchange that brings cryptocurreny trading to the masses. This implies millennials in particular since they, as common knowledge would have it, tend shy away from traditional investment vehicles and strategies. And since they seem to practically live on their mobile devices, could be the beginnings of a paradigm shift in the way the bulk of trades are performed in the future? I suppose that this experiment proves successful, other major exchanges may feel compelled to follow suit. Only time will tell.

Those wishing to get further details on the subject should check out this article at Cointelegraph.