Bison strengthens its banking options by adding Germany's largest bank as a partner to protect customer balances.
On January 13, Bison, a cryptocurrency trading platform operated by Boerse Stuttgart Group, announced that Deutsche Bank has joined as a new banking partner, diversifying its banking relationships and moving Germany's largest bank into the role of safeguarding euro deposits. revealed. platform. Solaris SE, which has previously been a key partner, will maintain its role alongside Deutsche Bank.
Known as Europe's sixth largest exchange group, Börse Stuttgart operates with a focus on several strategic areas. These include capital markets businesses and ventures in the digital and crypto sectors.
The partnership requires users to update their Bison app to version 4.4.0, accept revised terms and conditions, and agree to have their euro balances held in an escrow account managed by Deutsche Bank.
Bison clarified that these changes do not affect fees, trading limits, or deposit and withdrawal speeds. Users will continue to access their balances without interruption and existing IBAN details will remain unchanged. Deposits will continue to be protected by statutory insurance, covering up to €100,000 per depositor and bank.
Deutsche Bank's recent activities in crypto services include a partnership with Crypto.com in December 2024 to provide corporate banking support in Asia Pacific, including Singapore, Australia and Hong Kong.
Additionally, Deutsche Bank is participating in Project Dama 2, an initiative under the Monetary Authority of Singapore's Project Guardian. The program includes 24 financial institutions exploring the use of blockchain for the tokenization of assets.
