Boerse Stuttgart’s Crypto Business Now Accounts for 25% of Its Revenue
Boerse Stuttgart, one of Germany’s top stock exchanges, has seen its cryptocurrency trading business explode in recent years to now account for approximately 25% of its overall revenue, a company spokesperson confirmed.
While not revealing the exact cryptocurrency trading volume, the exchange group shared in a press release at the end of last year that the metric “almost tripled” in 2024 to record its best performance ever. In custody, Boerse Stuttgart had around EUR4.3 billion ($4.45 billion).
The relative success of the exchange’s crypto business comes alongside a backdrop of spot ETF mania in the United States, the launch of which saw inflows of $36.2 billion in 2024.
Bitcoin accounted for nearly 50% of the exchange’s…
