German Stock Exchange Boerse Stuttgart’s Crypto Trading Sees Major Growth, Now 25% of Revenue
Major German stock exchange Stuttgart Boerse has experienced significant growth in its cryptocurrency trading business, which now accounts for approximately 25% of its total revenue. Its cryptocurrency trading volume nearly tripled in 2024, achieving its best performance ever. The exchange’s cryptocurrency business thrived during the U.S. spot ETF boom, with inflows reaching $36.2 billion in 2024. Bitcoin alone accounts for nearly 50% of the exchange’s cryptocurrency revenue. CEO Matthias Voelkel highlighted the exchange’s five-year effort to build its crypto platform. Voelkel, himself a Bitcoin investor, believes the popularity of blockchain technology and cryptocurrencies will continue to grow.
