German Stock Exchange Boerse Stuttgart’s Crypto Trading Sees Major Growth, Now 25% of Revenue

Boerse Stuttgart, a major German stock exchange, has experienced significant growth in its cryptocurrency trading business, which now makes up around 25% of its total revenue. Its cryptocurrency trading volume nearly tripled in 2024, achieving its best performance ever. The exchange’s crypto business has flourished amid the U.S. spot ETF boom, which saw $36.2 billion in inflows in 2024. Bitcoin alone made up nearly 50% of the exchange’s crypto revenue. CEO Matthias Voelkel highlighted the exchange’s five-year effort to build its crypto platform. Voelkel, a bitcoin investor himself, believes in the continued growth of blockchain technology and cryptocurrency popularity.