Overview
Boerse Stuttgart, recognized as one of Germany’s premier stock exchanges, has forged a new partnership with DekaBank to facilitate cryptocurrency trading for the German investment bank’s institutional clientele.
Key Details
- DekaBank will leverage Boerse Stuttgart Digital’s fully regulated crypto brokerage to expand its offerings.
- The partnership is part of Boerse Stuttgart’s strategy to establish new alliances within the financial industry.
- Currently, cryptocurrency trading represents 25% of Boerse Stuttgart’s annual revenue.
Financial Background
DekaBank, a significant player in the financial sector with over €411 billion (~$427 billion) in assets, is set to integrate crypto solutions into its suite of services through this collaboration with Boerse Stuttgart Digital.
“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 Matthias Voelkel, CEO of Boerse Stuttgart Group.
Future Plans
Boerse Stuttgart aims to broaden its connections with additional European banks, brokers, and asset managers, thereby fostering wider acceptance of cryptocurrencies and achieving its best trading volumes recorded to date.
