Boerse Stuttgart’s Crypto Business Now Accounts for 25% of Its Revenue
Boerse Stuttgart, a leading stock exchange in Germany, has reported a remarkable surge in its cryptocurrency trading business, which now constitutes approximately 25% of its overall revenue. The exchange’s trading volume in cryptocurrencies nearly tripled in 2024, reaching its highest performance to date. Bitcoin has been particularly significant, accounting for nearly half of the exchange’s crypto revenue. Since its foray into cryptocurrency in 2019, Boerse Stuttgart has successfully attracted over one million trading clients, focusing on both professional and retail investors in the German-speaking market. The incredible growth trend is paralleled by a surge in spot ETF popularity in the United States, which saw substantial inflows last year. Boerse Stuttgart continues to innovate with its digital exchange and BISON trading app, having launched staking services in partnership with Munich Re and Staking Facilities. CEO Matthias Voelkel has emphasized the firm’s long-term commitment to expanding its cryptocurrency offerings, fueled by the potential of blockchain technology.
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