Bison Enhances Banking Solutions with Deutsche Bank Partnership for Customer Protection
On January 13, Bison, the crypto trading platform under the Boerse Stuttgart Group, announced a significant partnership with Deutsche Bank, Germany’s largest bank. This collaboration diversifies Bison’s banking relationships, further strengthening the protection of euro deposits on the platform. Solaris SE will continue its role as a key banking partner alongside Deutsche Bank.
Börse Stuttgart, recognized as the sixth largest exchange group in Europe, maintains a focus on strategic ventures in both capital markets and the burgeoning digital and crypto sectors.
To take advantage of these new offerings, users must update the Bison app to version 4.4.0, accept updated terms and conditions, and agree to have their euro balances held in an escrow account managed by Deutsche Bank.
Bison reassured its users that these changes will not impact transaction fees, limits, or the speed of deposits and withdrawals. Account holders can access their balances seamlessly, and existing IBAN details will remain unchanged. All deposits continue to be protected under statutory insurance, offering coverage of up to €100,000 per depositor and bank.
In recent months, Deutsche Bank has actively expanded its involvement in crypto services, including a December partnership with a major crypto platform to provide corporate banking support across Asia-Pacific markets like Singapore and Australia. Furthermore, Deutsche Bank is engaged in Project Dama 2, a collaborative initiative exploring blockchain technology for asset tokenization under the auspices of the Monetary Authority of Singapore.
