Boerse Stuttgart Group, known for operating one of the major stock exchanges in Europe, has announced a merger with Tradias, a Frankfurt-based trading firm specializing in digital assets. This strategic merger aims to enhance their foothold in the institutional cryptocurrency markets.
The newly formed organization will manage around 300 employees under a unified leadership team from both sides. The goal is to provide a broad spectrum of services in the digital assets realm including brokerage, trading, custody, staking, and tokenization of assets. This service will cater to banks, brokers, and other financial entities in Europe with a fully regulated crypto infrastructure.
While the financial specifics of the agreement were not revealed, it is speculated that Tradias could be valued at approximately 200 million euros (about $237 million), with the merge potentially reaching a collective value exceeding $590 million, according to Bloomberg.
Cooperation with a MiCA-Compliant Crypto Custodian
Boerse Stuttgart has been fortifying its regulated digital assets under the Boerse Stuttgart Digital brand, adhering strictly to the European Union’s Markets in Crypto-Assets Regulation (MiCA). In 2025, they reported a substantial increase in crypto trading volumes, which accounted for about 25% of their total revenue in 2024. Voelkel has expressed a positive outlook on cryptocurrencies and has revealed his personal holdings in Bitcoin (BTC).
The partnership with Tradias, which operates under the regulatory oversight of BaFin, strengthens their combined abilities to serve the growing need for regulated digital asset services across Europe. Voelkel emphasized the importance of this merger in bolstering the development and consolidation of the European crypto market.
“Together, we will cover the entire value chain for digital assets and create a new European champion with significantly greater reach, strategic depth, and creative power for further market consolidation.” - Christopher Beck
For more insights on evolving crypto regulations, articles discussing these perspectives can be found here.
