Boerse Stuttgart’s Crypto Trading Business Booms, Now Contributing 25% of Overall Revenue
Boerse Stuttgart, one of Germany’s leading stock exchanges, has seen its cryptocurrency trading business experience rapid growth, now accounting for approximately 25% of its total revenue, a spokesperson confirmed.
While the exchange did not disclose exact trading volumes, it reported in a press release at the end of 2024 that its crypto trading activity “almost tripled” during the year, marking a new record for the platform. In terms of assets under custody, Boerse Stuttgart had around EUR 4.3 billion ($4.45 billion).
The success of the exchange’s crypto business comes amid the spot ETF craze in the United States, which attracted a substantial $36.2 billion in inflows during 2024. Bitcoin, in particular, has played a key role in Boerse Stuttgart’s crypto revenue, making up nearly 50% of the total. According to CEO Matthias Voelkel, the exchange has spent the past five years building its cryptocurrency trading platform to attract both professional and retail investors, particularly within the German-speaking world. This strategy appears to have paid off, with the exchange now boasting over one million cryptocurrency trading clients.
Voelkel himself has been an active participant in the crypto market, having invested in Bitcoin after recognizing the potential of the underlying blockchain technology and its growing popularity.
Boerse Stuttgart operates its crypto services through its digital exchange as well as the retail-focused BISON app. The exchange reported that its revenue in 2024 was roughly twice as high as its pre-pandemic levels. Additionally, the platform launched a fully insured cryptocurrency staking service on the BISON app last year, in collaboration with Munich Re, a German insurance giant, and staking provider Staking Facilities.
The exchange remains committed to expanding its crypto infrastructure, with plans to offer regulated brokerage and custody solutions to institutional clients across Europe. In 2025, Boerse Stuttgart aims to broaden its partnerships with European banks, brokers, and asset managers, contributing further to the mass adoption of cryptocurrencies.
