The German stock exchange Boerse Stuttgart has experienced a notable increase in revenue due to its cryptocurrency services, which accounted for 25% of its revenue in 2024. The company’s CEO, Matthias Voelkel, highlighted the boom in crypto trading volumes, which tripled over the year. By the end of 2024, the cryptocurrency held by the exchange for its clients reached 4.3 billion euros, with Bitcoin making up half of the transactions.
Boerse Stuttgart has attracted over one million clients, including professional and retail investors predominantly from German-speaking regions. CEO Matthias Voelkel remains optimistic about the future of cryptocurrencies like Bitcoin, citing its limited supply and increasing demand among investors. Voelkel has disclosed his own Bitcoin holdings and commended the technology behind it for its security.
To enhance its offerings, Boerse Stuttgart has partnered with liquidity providers and banks, establishing itself as a regulated partner for trading and custodial services for cryptocurrencies with entities like DZ Bank. Collaborating with Amazon Web Services, the company has expanded its infrastructure to better serve financial institutions across Europe. Additionally, it has developed insured cryptocurrency staking services in partnership with Munich Re.
Amid conversations about potential market shifts due to deregulation efforts in the United States, Voelkel expressed skepticism about the relocation of the crypto market to the US, asserting that Europe is experiencing positive momentum.
Boerse Stuttgart, which launched its crypto trading services in 2019, has progressively expanded its offerings, including Ethereum staking. Meanwhile, the EU’s Markets in Crypto-Assets Regulation, implemented in late 2024, has been regarded by various industry executives as an important development for the sector, despite initial overregulation concerns.
