Crypto Corner Podcast Episode 486: Bitcoin Steady at $19K, Boerse Stuttgart's Bison Crypto App Sees €1 Billion of Trading Volume in 2020, German Bank Hauck & Aufhauser to Launch Crypto Fund in 2021, BIGG's (CSE: BIGG) Netcoins Registers Record Trading Volume for November
Point Roberts, WA and Delta, BC - December 7, 2020 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news brings you today's edition of the Crypto Corner podcast and commentary on what's driving cryptocurrency stocks and the crypto market.
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#CryptoCorner Episode 486: Bitcoin Steady at $19K, Boerse Stuttgart's Bison Crypto App Sees €1 Billion of Trading Volume in 2020, German Bank Hauck & Aufhauser to Launch Crypto Fund in 2021, BIGG's (CSE: BIGG) Netcoins Registers Record Trading Volume for November
Stocks discussed: (CSE:BIGG)
Bitcoin (BTC) made it through the first weekend of December with its trading price of around $19,000 mostly intact, according to data from CoinMarketCap. Though briefly and slightly dipping below that support level here and there, Bitcoin held fairly firm and is trading for about $19,215 at press time.
According to an article from CoinDesk today, Boerse Stuttgart, Germany's second-largest stock exchange, reported today that "its Bison crypto trading app has achieved trading volume of €1 billion (US$1.21 billion) so far this year." Several days last month "saw record daily trading volumes exceeding €35 million ($42.3 million)," on Bison, and this year it has seen a 180 percent increase in active users to 206,000. The app was launched in 2018 by Boerse Stuttgart subsidiary Sowa Labs GmbH. Ulli Spankowski, CEO of Sowa Labs GmbH, said:
"The increase in user numbers and the trading volume on Bison in the current year have far exceeded our expectations."
FundView reports that German private bank Hauck & Aufhauser has announced the HAIC Digital Asset Fund I, a crypto fund set to launch in January 2021 in collaboration with fintech firm Kapilendo. Holger Sepp, a board member of Hauck & Aufhauser, said:
"We are seeing that digital assets and cryptocurrencies are becoming increasingly attractive with institutional investors. With the launch of our first crypto fund, together with Kapilendo, we have created an innovative investment vehicle that gives our customers inexpensive and secure access to the new crypto asset class while meeting the established quality standards and high demands of Hauck & Aufhauser."
Netcoins, the online cryptocurrency brokerage arm of BIGG Digital Assets Inc. (CSE:BIGG), has announced that it has set a new monthly record for trading volumes in November 2020 with more than $23 million CAD of cryptocurrencies bought and sold on the platform. The President of Netcoins, Mitchell Demeter, said:
"The global and Canadian cryptocurrency markets have continued to mature and accelerate in 2020. Netcoins's mission is to make it easy for everyone, new and experienced traders alike, to participate in the financial revolution of crypto. And it is working. Canadian customers are trusting us with their investing dollars, as evidenced by 112% Assets Under Custody growth in a single month. They are also trading a lot more, with 40% more active users in a month performing 63% more transactions (MoM). We look forward to providing further updates to our shareholders in the near future."
Sam Mowers, Investorideas
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