- Cryptocurrency trading now represents 25% of Boerse Stuttgart’s total revenue.
- The exchange’s crypto trading volume tripled in 2024, with custody holdings reaching €4.3 billion.
- Bitcoin operations constitute 50% of the exchange’s cryptocurrency revenue.
- The platform has accumulated over one million cryptocurrency trading clients.
- The exchange launched an insured staking service through partnerships with Munich Re and Staking Facilities.
Boerse Stuttgart, Germany‘s major stock exchange, reported that cryptocurrency operations now generate a quarter of its total revenue, marking a significant shift in traditional financial markets’ adoption of digital assets.
Record-Breaking Performance
According to a press release, the exchange’s cryptocurrency trading volume reached unprecedented levels in 2024, nearly tripling compared to previous periods. The exchange currently holds approximately €4.3 billion ($4.45 billion) in cryptocurrency custody, positioning it as a substantial player in the European digital asset market.
Bitcoin Dominance and Market Strategy
CEO Matthias Voelkel disclosed that Bitcoin represents approximately 50% of the exchange’s cryptocurrency revenue. The success aligns with the broader market momentum, including the U.S. spot ETF launches that attracted $36.2 billion in investments during 2024. Voelkel, who personally invested in Bitcoin after analyzing blockchain technology’s potential, has led the exchange’s five-year expansion into digital assets.
Digital Services Expansion
The exchange operates through its digital trading platform and the retail-focused BISON app. A notable addition to its services includes a fully insured cryptocurrency staking service – a process where users earn rewards for helping secure blockchain networks. This service launched on the BISON app through strategic partnerships with German insurance giant Munich Re and staking provider Staking Facilities, adding an extra layer of security for investors exploring yield-generating opportunities in the cryptocurrency market.
The platform’s focus on German-speaking markets has resulted in over one million cryptocurrency trading clients, demonstrating substantial retail and professional investor interest in regulated digital asset trading services.
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