Bison, the cryptocurrency trading platform operated by the Boerse Stuttgart Group, has strengthened its banking infrastructure by partnering with Deutsche Bank, Germany’s largest financial institution. Announced on January 13, the partnership aims to enhance the platform’s security and protect euro deposits for its users.
Deutsche Bank will take on the critical role of safeguarding euro balances on the platform, while Solaris SE, a long-standing partner of Bison, will continue its collaboration. This move marks a significant expansion of Bison’s banking network, ensuring greater stability and trust for users.
The integration requires users to update their Bison app to version 4.4.0, agree to revised terms and conditions, and consent to having their euro balances held in an escrow account managed by Deutsche Bank. However, Bison assured that the update will not affect transaction fees, limits, or the speed of deposits and withdrawals. Users can continue accessing their funds without disruption, and their existing IBAN details remain the same. Euro deposits will be insured under statutory protection, covering up to €100,000 per depositor and bank.
Bison, which operates as the sixth-largest exchange group in Europe, continues to focus on expanding its footprint in the digital and crypto markets.
Deutsche Bank’s recent moves into the crypto space also include a December 2024 partnership with Crypto.com to provide corporate banking services in the Asia-Pacific region, including Singapore, Australia, and Hong Kong. Additionally, the bank is involved in Project Dama 2, a blockchain initiative under Singapore’s Monetary Authority, aimed at exploring asset tokenization with the collaboration of 24 other financial institutions.
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