Crypto Trading Now Represents a Quarter of Boerse Stuttgart’s Revenue as Volume Triples

Germany’s Boerse Stuttgart Reports Crypto Revenue Hits 25%, Client Base Surpasses 1 Million

Boerse Stuttgart, the second-largest stock exchange in Germany, has seen its cryptocurrency trading segment grow significantly, contributing to a quarter of its total revenue in 2024, according to a company spokesperson.

The exchange’s digital assets division reported a threefold increase in trading volume year-over-year, marking its strongest performance on record. Additionally, the group’s custody platform now secures approximately EUR 4.3 billion ($4.45 billion) in crypto assets.

CEO Matthias Voelkel attributed the success to the exchange’s strategic push into crypto markets since 2019, with Bitcoin driving 50% of the revenue. “We’ve invested heavily in building a robust cryptocurrency infrastructure over the past five years, and the results speak for themselves,” Voelkel told Agence France-Presse (AFP).

Boerse Stuttgart now boasts over one million cryptocurrency trading clients, leveraging platforms like its retail-focused BISON app and a regulated digital exchange for institutional investors. The BISON app has gained popularity for its user-friendly features and innovative offerings, including a fully insured staking service launched in partnership with Munich Re and Staking Facilities.

In response to the surge in demand, the company aims to expand its footprint in Europe, partnering with banks, brokers, and asset managers. “2025 will be a transformative year as we enhance our regulated crypto services and continue driving mass adoption across the continent,” the spokesperson said.

With cryptocurrency becoming a central part of its growth strategy, Boerse Stuttgart’s success highlights the increasing integration of traditional finance with digital assets.