Cryptocurrency exchanges

German Stock Exchange’s Crypto Trading App Surpasses $1 Billion Volume This Year | Exchanges Bitcoin News

German Stock Exchange's Crypto Trading App Surpasses $1 Billion Volume This Year | Exchanges Bitcoin News

Germany’s Second-Largest Stock Exchange’s Crypto Trading App Sees Record Volumes: 1 Billion Euros This Year

Cryptocurrency trading on the app provided by Germany’s second-largest stock exchange, Boerse Stuttgart, has hit record volumes. One billion euros in cryptocurrencies have been traded on the exchange’s crypto trading app, Bison, so far this year.

Germany’s second-largest stock exchange, Boerse Stuttgart, announced Monday that its cryptocurrency trading app Bison has reached a total trading volume of 1 billion euros (over $1.2 billion) so far this year.

The cryptocurrency trading volume on Bison also hit record highs several days in November, exceeding 35 million euros. The number of active users of the Bison app has also increased by 180% to 206,000 during the same time period.

“The increase in user numbers and the trading volume on Bison in the current year have far exceeded our expectations,” commented Ulli Spankowski, CEO of Sowa Labs GmbH, the subsidiary of Boerse Stuttgart Digital Ventures GmbH which developed the Bison app. He added:

The positive development shows that with simple and reliable trading we are making the right offer in an exciting market environment for cryptocurrencies.

Using Boerse Stuttgart’s Bison app, users “can trade bitcoin, ethereum, litecoin, bitcoin cash, and ripple (XRP) free of charge and at the prices displayed in the app,” the announcement details.

Boerse Stuttgart also operates a regulated cryptocurrency exchange called BSDEX (Börse Stuttgart Digital Exchange). The company explained that “BSDEX meets the regulatory requirements in accordance with section 2, paragraph 12 of the German Banking Act (Kreditwesengesetz).” Customers can use the exchange to buy and sell bitcoin, litecoin, ethereum, and XRP.

What do you think about Boerse Stuttgart’s record crypto trading volumes? Let us know in the comments section below.

Purchase Bitcoin without visiting a cryptocurrency exchange. Buy BTC and BCH here.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Source: news.bitcoin.com

Author: Exchanges

by
Kevin Helms


Nimera Swap Offers DeFi Exchange Platform With Low Fees and Support for Any Blockchain

Nimera Swap Offers DeFi Exchange Platform With Low Fees and Support for Any Blockchain

The Defi revolution has brought about a new world of opportunities for crypto investors, but major improvements are still needed in the current ecosystem. For example, the most popular coin swapping service today is dependent on ethererum and its ridiculously high gas prices. Nimera Swap offers a solution to this problem with a DeFi exchange platform that has lower network fees compared to ethereum-based solutions and also supports all kinds of tokens.

Nimera Swap is a new service where you can easily exchange crypto assets or provide liquidity and earn passive income. The service is developed by Nimera, a blockchain ecosystem developer. To celebrate the new platform Nimera will be distributing 10,000 USDT among liquidity providers for the service, with prizes awarded in proportion to your share of total supplied liquidity. For more details about the upcoming promotion check out the platform’s website at Nimera.Exchange.

The new service offers a number of advantages over existing platforms like Uniswap. Probably the most noticeable difference to experienced users will be the fee prices. While the older coin swapping system is dependent on ethereum and thus suffers from very high gas prices, Nimera Swap is powered by its own EON blockchain. This means that fees can be lower compared to ethereum-powered alternatives. As low as 0.5% on select pairs, in fact.

If you are new to DeFi swapping, Nimera Swap also offers a number of advantages over traditional crypto exchange platforms. One of the most exciting of these advantages is the possibility for liquidity mining, also known as yield farming, which is a way to earn passive income on your crypto holdings by serving as a liquidity provider for the service. Unlike popular DeFi platforms, projects need to pass an evaluation before getting access to the platform. This minimizes the chance that trades and liquidity providers encounter scam coins. The user interface of the Nimera Swap platform is also much easier for new traders to use as it does not have confusing features that centralized exchanges have such as order book and complex charts.

Nimera Swap Offers DeFi Exchange Platform With Low Fees and Support for Any Blockchain

Another major advantage of the Nimera Swap over older DeFi platforms is its support for all kinds of blockchains. As mentioned above, the new service is not dependent on ethereum and as a result it can support all types of assets and is not limited to offering only ERC-20 tokens like Uniswap. This can potentially open a much wider world of investment possibilities for crypto traders.

Beyond the traders and investors, Nimera Swap is also very attractive for projects that want to get liquidity for their tokens. The service will allow listed projects to create liquidity pools with multiple markets, access market-making tools and be empowered to grow their community of investors.

Nimera Swap Offers DeFi Exchange Platform With Low Fees and Support for Any Blockchain

“Our goal is to create an ideal starting platform for projects, by providing them with community management tools, detailed public profiles to help share how awesome they are with the world, and profile pages with analytics on performance,” explains Ivan Skladchikov, Head of Marketing at Nimera. “ We give projects a way to gain traction.”

To learn more about the Nimera Swap platform and the upcoming promotion for the new service visit Nimera.Exchange right now!

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

The post Nimera Swap Offers DeFi Exchange Platform With Low Fees and Support for Any Blockchain appeared first on Bitcoin News.

Source: www.clublaura.com


Co-Founder of Apple launches its crypto coin - TCR

Co-Founder of Apple launches its crypto coin – TCR

  • Steve Wozniak’s blockchain enterprise Efforce has launched its digital token WOZX
  • Last week the token got listed in few crypto exchanges and performed robustly
  • Wozniak plans to establish a decentralized platform
  • Sergio Carloni will act as the chief executive officer of Efforce

Steve Wozniak, the tech expert who helped found the highest valuation company in the world, Apple, has entered the cryptosphere. Efforce, Wozniak’s blockchain enterprise based in Malta, is now launching its native crypto token, WOZX. The newly launched cryptocurrency WOZX intends to bring a profound change in the market for energy efficiency.

It is observed that last week Wozniak’s native currency WOZX was listed live on crypto exchanges. On the 3rd of December this year, WOZX was first listed on the platform of HBTC crypto exchange, and the following week got listed on the platform of Bithumb Global. It was observed that as the newly launched token got listed in the HBTC exchange, within a minute, it surged to a market capitalization of $950 million, which increased the price of the WOZX by ten times. WOZX was listed at the price of $0.10, whereas at press time, it is trading at $1.53 per token, which is an increment of around 1430% in less than a week.

Around 45 years back, Steve Wozniak helped to found Apple Inc., which designed several state-of-the-art gadgets. Currently, Wozniak intends to establish a leading decentralized and borderless platform that can enable its users to take part in the finance sustainable technological solution using blockchain technology. However, Wozniak is coming as the firm’s sixth co-founder.

The first blockchain-based platform allowing its users to access the tokenized energy savings aims to provide investors an alternate investment mode through smart contracts. Now, the newly launched token will support the blockchain-based energy-saving platform and act as its base token. However, a year back, Wozniak has stated that the blockchain technology utilized by the firm can minimize the usage without changing the energy requirements. Indeed, the firm writes the energy savings of firms in real-time on the blockchain with a smart contract, which distributes the savings to the holders of WOZX.

It is also found that Sergio Carloni, the chief executive officer of AitherCO2, and a provider of financial services to environmental and energy markets, will now also serve as the chief executive officer of the energy-saving firm.

Join The Coin Republic’s Telegram Channel for more information related to CRYPTOCURRENCY NEWS and predication.

Ahtesham Anishttp://www.thecoinrepublic.com

What future awaits cryptocurrencies?
GOODBAD

Ahtesham Anis is a Computer Science undergrad student currently based out of India.. Coming from the business background and his keen interest in Cryptocurrency and Blockchain technology is what Ahtesham brings to the table. He is always an eager learner when it comes to exploring the new technologies and topics in the crypto world.

Source: www.thecoinrepublic.com

Author: Ahtesham Anis


Spain’s BBVA Bank To Launch Cryptocurrency Services

Spain’s BBVA Bank To Launch Cryptocurrency Services

BBVA has been reportedly working on making its crypto service debut for months as it has integrated a solution for providing cryptocurrency custody infrastructure called SILO in a move similar to Russia’s Gazprombank.

Per one of the sources, Spain’s BBVA bank will begin its cryptocurrency trading and custody services in Switzerland as the Central European country is adjudged to have comprehensive rules governing the issuance and businesses around digital assets, as reportedly set out by the country’s Financial Market Supervisory Authority (FINMA).

Spain’s BBVA will be “launching its Europe-wide crypto initiative from Switzerland,” as noted by one of the sources while both confirmed that “There are still some compliance hurdles so this will not be in December, but I expect they [BBVA] will be live next month.”

Coindesk noted that when its correspondent asked whether the cryptocurrency services planned out by the bank will involve the issuance of tokenized securities, the source noted that the offering s primarily a cryptocurrency offering.

BBVA has been reportedly working on making its crypto service debut for months as it has reportedly integrated a solution for providing cryptocurrency custody infrastructure called SILO in a move similar to Russia’s Gazprombank. The crypto custody solution was designed by Avaloq, a renowned banking software development startup as well as METACO, a Swiss cryptocurrency specialist.

A second source said the project will likely surface “around Christmas,” adding that there are still regulatory issues to iron out. “The project has to pass through several processes to get a green light and become a reality,” they said.

The move by Spain’s BBVA bank to begin offering cryptocurrency-based services is not uncommon among banking institutions around the world. The massive embrace by these banks to begin providing crypto services particularly trading and custody follows from the massive adoption these cryptocurrencies particularly Bitcoin (BTC) is gaining among both retail and institutional investors.

Refusal to join the train can leave some banks redundant as the focus of investors is shifting away from the more traditional securities to cryptocurrencies as the recognition of Bitcoin as a good hedge against inflation became prominent in the pandemic-laden months.

Back in November, Coinspeaker reported that China Construction Bank Ord Shs A (SHA: 601939) revealed plans to issue offshore bonds tradable in Bitcoin. This is one of the many examples of ways banks are leveraging the surging recognition of digital assets to churn out new products. 

In the United States, the Office of the Comptroller of the Currency (OCC) gave national banks the authorization to offer cryptocurrency custody services giving the likes of Goldman Sachs Group Inc (NYSE: GS), and Morgan Stanley (NYSE: MS) the legal backing to offer such services to their clients.

next Altcoin News, Bitcoin News, Cryptocurrency news, News

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Source: blog.total.exchange

Author: by Total Exchange


German Stock Exchange's Crypto Trading App Surpasses $1 Billion Volume This Year | Exchanges Bitcoin News


Previous
Cryptocurrency exchangesGiottus Enables XRP Holders to Participate in Flare’s Spark Airdrop
Next
Cryptocurrency exchangesCryptoBiz Exchange Launches in India

Similar Posts

Leave a Reply