Bison expands banking network with Deutsche Bank partnership

Bison is strengthening its banking options by adding Germany’s largest bank as a partner to protect customer balances.

Crypto trading platform Bison, operated by Boerse Stuttgart Group, announced on January 13 that it has joined Deutsche Bank as a new banking partner, diversifying its banking relationships and marking Germany’s largest bank’s entry into the role of protecting euro deposits. platform. Solaris SE, which has been a key partner for some time, will continue its role together with Deutsche Bank.

@DeutscheBank Wird more Banking Partner von BISON! 🚀

Deutsche Bank leveraged Rahmen’s Multi-Banking Strategy #BISONApp In die Verwahrung der Euro-Guthaben eingebunden. Solaris SE is one of the best products from Banking Partner. Ein- & Auszahlungen sowie… pic.twitter.com/U9r84KGRO5

— BISON App – Crypto, Aktien and ETFs together (@bisonapp) January 13, 2025

Recognized as Europe’s sixth largest exchange group, Börse Stuttgart operates by focusing on many strategic areas. These include capital markets businesses and startups in the digital and crypto sectors

The collaboration requires users to update the Bison app to version 4.4.0, accept the revised terms and conditions, and consent to their euro balances being held in an escrow account managed by Deutsche Bank.

Bison clarified that these changes will not affect fees, transaction limits, or deposit and withdrawal speeds. Users can continue to access their balances without interruption and their existing IBAN information remains unchanged. Deposits will continue to be protected under legal insurance and coverage will be provided up to 100,000 Euros per depositor and per bank.

Deutsche Bank’s recent activities in crypto services include a December 2024 partnership with Crypto.com, which provides corporate banking support in Asia-Pacific regions such as Singapore, Australia and Hong Kong.

Additionally, Deutsche Bank is participating in Project Checkers 2, an initiative within Project Guardian’s Monetary Authority of Singapore. The program includes 24 financial institutions exploring the use of blockchain for asset tokenization.