Crypto Mobile App From Germany’s Second Largest Exchange Launches

It has been recently reported that the second largest exchange in Germany has launched a crypto trading app for the citizens of the country.

Borse Stuttgart has release a secure and fast app called BISON after a year of development and is currently available for iOS and Android devices.

The app offers free-of-charge trading in Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and XRP.

According to the report that BISON makes money from the spread between the buing and selling prices displayed.

The application was developed by a subsidiary of Borse Stuttgart Digital Ventures GmbH, Sowa Labs GmbH.

Currently, the users will not be able to do 24 hours trading as trading will only be available from 6:00 to 24:00 CET, Monday through Sunday.

Dr. Ullo Spankowski, CEO of Sowa Labs, said that 24 hours trading will be added in the future and additional pairs will also be added as well.

Borse Stuttgart is based in Germany and is reported to be the second largest stock exchange in the country.

It offers trading of traditional investment asset such as equities, securitized derivatives, bonds, investment fund units and profit participation certificates.

It is the ranked 10th among European exchanges with trading volume of 81 billion EURO in 2017 and 71.2 billion EURO in 2018.

Top Indian Crypto Exchange Expands To Europe

Zepay was once considered the largest cryptocurrency exchange in the Indian market.

However due to regulatory uncertainty and banking ban initiated by the Reserve Bank of India (RBI) restricting banking services to crypto-related business has forced the company to move to a more jurisdiction with a more crypto-friendly regulatory environment.

Now it is focusing in expanding its presence in Europe.

Their services will now be available for users in five more countries on the Old Continent-Lienchtenstein, Lithuania, Romania, Slovakia and Spain which brings a total of over 40 European jurisdictions.

The exchange suspended its operations in India last year when RBI imposed a banking ban for all cryptocurrency related activities in the country.

It claims that it had around 3 million users in the country when it closed doors.

It has opened a subsidiary in Malta and Singapore and started introducing its digital asset trading platform in a number of new markets in Europe, Asia and South America.

Cryptocurrencies Now Legal Properties In Wyoming

Wyoming is shaping up as one of the most progressive states in the United States of America in terms of cryptocurrencies adoptions.

This is evident in the many legislative moves the state has been doing for the legalization of cryptocurrencies, as well as bills that will help ease regulatory uncertainty in the space at least in its state.

Recently it has passed a bill that makes it the first U.S. State to classify cryptocurrencies as legal property.

This initiative is seen by the whole community as another proof of the legitimacy of the new asset class and would bolster its use case.

It was sponsored by Senator Tara Nethercott and called Senate File 125 which establishes property rights for those who owns cryptocurrencies and other virtual assets.

The bill opens up the possibility for banks to hold crypto assets in trusts, as it subjects cryptocurrencies to some of the same rules applied to money.

The pioneer legislation could now provide other states in the U.S. a model or roadmap which they can frame their own regulatory framework and provide legal clarity on the status of the burgeoning asset class.

CoinGate Now Supports Ripple’s XRP

According to a recent tweet, the cryptocurrency payment processor CoinGate has added Ripple’s native token XRP to its payment options for merchants.

In a blog-post that accompanied the tweet, XRP coin owners can now us it as means of payment at more than 4,500 shops online adding that this will boost the utility of the said digital asset.

Users of CoinGate have the option of instant settlement in Euros, Bitcoins (BTC), Ethereum (ETH) and Ripple (XRP).

CoinGate has been actively adding features into its platform to increase functionality as well as provide more options for their customers.

Last year they have initiated a pilot for 100 merchants to test transactions on a Bicoin Lightning Network (LN) version of their service. It seems that the company is looking for ways to increase the transaction speed of their platform and seeking ways to lower transaction cost.

Despite bearish market conditions, we see cryptocurrency payment service providers expanding and scaling their operations.

In the United States, merchant Aliant Payments has announced it will offer free crypto transaction processing to some merchants.

In Japan financial giant SBI holdings wants to leverage Ripple and R3 technology as a major part of its strategy to enable a global standard for financial operations.

Japan Now Is The Leading Currency In Bitcoin Trading

Online news sources have reported that the Japanese Yen has overtook the U.S. dollars as the top fiat currency used in trading Bitcoins.

The Yen was reported to have around 49% of the total Bitcoin trading volume in the world.

According to report released by Coinhills, over 490,000 BTC have been traded against the Yen over the 24 hours which is around 49% of the total volume while the use lagged behind as it took second place with 394,500 BTC which is equivalent to 44%.

No one is sure what have triggered this event but some development from in Japan might have triggered it.

Two examples of these are the approval of the license of Coincheck, one of the most powerful digital cryptocurrency exchange in Japan , and the development of a JPY-pegged Stablecoin.

It must be noted also that the government of Japan as recently allowed the cryptocurrency to regulate itself last year in October.

This might have affected the demand of the JPY.

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