Boerse Stuttgart Joins Forces With DekaBank to Expand Institutional Crypto Trading
As part of its strategy to strengthen partnerships with major financial institutions, Boerse Stuttgart has teamed up with DekaBank to introduce cryptocurrency trading for institutional investors.
Through this collaboration, DekaBank—one of Germany’s leading investment banks with assets exceeding 411 billion euros ($427 billion)—will leverage Boerse Stuttgart Digital’s regulated brokerage infrastructure to integrate crypto trading into its services.
“This partnership with DekaBank highlights our dedication to providing financial institutions across Europe with a secure and fully regulated infrastructure for crypto trading,” said Matthias Voelkel, CEO of Boerse Stuttgart Group.
Boerse Stuttgart Digital, a subsidiary of Boerse Stuttgart Group, specializes in brokerage, trading, and custody services for financial institutions across Europe. The company has seen rapid growth in its cryptocurrency business, which now contributes to 25% of its total revenue.
This move aligns with Boerse Stuttgart’s broader strategy to collaborate with additional European banks, brokers, and asset managers, fostering greater adoption of cryptocurrencies in the financial sector.
The exchange also reported that cryptocurrency trading volumes nearly tripled last year, marking a record-breaking performance. Currently, Boerse Stuttgart Digital holds approximately 4.3 billion euros ($4.45 billion) in custody.
