Crypto Craze: Boerse Stuttgart & DekaBank Team Up for Institutional Clients 🤯
What to know:
- DekaBank will provide crypto trading services to institutional clients through Boerse Stuttgart Digital. Because, you know, institutional clients are always a fun bunch 😜
- The partnership leverages Boerse Stuttgart Digital’s fully regulated crypto brokerage and is part of the exchange’s plan to form new partnerships. Because who doesn’t love a good partnership? 🤝
- Cryptocurrency trading accounts for 25% of Boerse Stuttgart’s revenues. Because, apparently, people are really into crypto these days 🤑
Boerse Stuttgart, one of Germany’s top stock exchanges, has announced a partnership with DekaBank to bring cryptocurrency trading to the German investment bank’s institutional clients. Because, you know, institutional clients need to get in on the crypto action too 🤑
The partnership allows DekaBank, a financial giant with over 411 billion euros ($427 billion), to integrate crypto into its offerings using Boerse Stuttgart Digital’s regulated brokerage infrastructure. Because, you know, who doesn’t love a good regulatory framework? 🤓
“Partnering with DekaBank to offer crypto trading to its institutional clients underscores our commitment to providing financial institutions across Europe with secure and fully regulated infrastructure solutions,” said Boerse Stuttgart Group’s CEO Matthias Voelkel. Because, apparently, security and regulation are a thing in the world of crypto 🤑
Boerse Stuttgart Digital, a subsidiary of Boerse Stuttgart Group, provides brokerage, trading, and custody services for financial institutions in Europe. Last month, the exchange revealed its cryptocurrency trading business had exploded in recent years and now accounts for 25% of its overall revenue. Because, you know, crypto is all the rage these days 🤯
The tie-up is part of Boerse Stuttgart’s plans to expand partnerships with “additional European banks, brokers, and asset managers, further contributing to the mass adoption of cryptocurrencies.” Because, apparently, mass adoption is a thing that can be planned 🤔
The exchange has said that cryptocurrency trading volumes “almost tripled” last year to mark their best performance year-to-date. It holds around 4.3 billion euros ($4.45 billion) in custody. Because, you know, that’s a lot of euros 🤑
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2025-02-28 15:58