Catenaa, Saturday, January 17, 2025 – Bison, the crypto trading platform operated by Boerse Stuttgart Group, has added Deutsche Bank as a new banking partner, strengthening its banking options and safeguarding euro deposits for its customers.
The Jan. 13 announcement highlights Deutsche Bank’s role in holding escrow accounts for Bison users’ euro balances, marking the bank’s first involvement in such a capacity on the platform. Existing partner Solaris SE will continue to play a pivotal role alongside Deutsche Bank.
To facilitate the transition, users are required to update the Bison app to version 4.4.0, agree to updated terms and conditions, and consent to the new escrow account arrangement. Bison confirmed that transaction fees, limits, and processing speeds will remain unaffected, and users’ balances will continue to be insured up to €100,000 per depositor under statutory protection.
Boerse Stuttgart Group, Europe’s sixth-largest exchange, focuses on traditional capital markets and the digital asset sector. The addition of Deutsche Bank bolsters Bison’s banking framework as part of its ongoing expansion in crypto services.
Deutsche Bank’s recent crypto endeavors include a December 2024 partnership with Crypto.com to provide corporate banking in the Asia-Pacific region. It is also part of Singapore’s Project Dama 2 under the Monetary Authority of Singapore, exploring blockchain’s role in asset tokenization.
This partnership signals Bison’s commitment to enhancing user confidence and expanding its footprint in the evolving digital asset ecosystem.
