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Bison, a platform for trading cryptocurrencies owned by the Boerse Stuttgart Group, announced on January 13 that Deutsche Bank has become its banking partner.
This partnership supports Bison’s multi-banking approach and enables Deutsche Bank to manage the euro balances of Bison’s customers.
Bison confirmed in its press release distributed to Cryptonews that this new alliance will not interfere with its ongoing relationship with Solaris SE, Bison’s long-term banking partner.
@DeutscheBank wird weiterer Banking-Associate von BISON!
Die Deutsche Financial institution wird im Rahmen der Multi-Banking-Strategie von #BISONApp in die Verwahrung der Euro-Guthaben eingebunden. Solaris SE bleibt als unser langjähriger Banking-Associate bestehen. Ein- & Auszahlungen sowie… pic.twitter.com/U9r84KGRO5
— BISON App – Krypto, Aktien & ETFs einfach kaufen (@bisonapp) January 13, 2025
No Changes to Fees or Limits for Bison Customers
Bison customers will continue to access their euro balances effortlessly through the Bison app. There will be no modifications to fees, and deposit and withdrawal limits will also remain unchanged, according to the company’s press release.
To facilitate a smooth transition, Bison has outlined the necessary steps for customers, which include updating the Bison app to the latest version 4.4.0 and agreeing to the revised terms and conditions. As a final step, users will be asked to consent to having their deposits held in a trust account with Deutsche Bank.
According to Bison, customer deposits remain secure, with both Solaris SE and Deutsche Bank providing deposit protection of up to €100,000 per depositor and bank, as mandated by law.
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Deutsche Bank Strengthens Connections to Crypto Market
In December 2024, Deutsche Bank formed a partnership with cryptocurrency exchange Crypto.com, broadening its presence in the crypto market and providing corporate banking services to Crypto.com across Asia-Pacific regions. The partnership encompasses significant markets such as Singapore, Australia, and Hong Kong.
Thrilling Banking Milestone
Deutsche Financial institution will present company banking providers for https://t.co/vCNztATkNg in Australia, Hong Kong and Singapore, with a view to extending assist into Europe and the UK as the connection progresses.
We’re proud to have the backing of 1… pic.twitter.com/1BOQa4yE97
— Crypto.com (@cryptocom) December 10, 2024
Deutsche Bank’s offerings extend beyond traditional banking for cryptocurrency firms. They provide a variety of services, including fiat-to-crypto exchange and cross-border trading solutions.
The German bank has also shown interest in establishing similar partnerships in the UK and other European nations.
Additionally, Deutsche Bank is reportedly developing its own Layer-2 blockchain solution on Ethereum utilizing ZKsync technology. This L2 solution, part of Project Dama 2, aims to address the regulatory and compliance challenges associated with the use of public blockchains in regulated financial services.
Project Dama 2 is part of the Monetary Authority of Singapore’s (MAS) Project Guardian, an initiative that brings together 24 financial institutions to explore the potential of blockchain-based asset tokenization.
The post Deutsche Financial institution Joins Boerse Stuttgart-Owned Bison as Banking Associate appeared first on Cryptonews.
