Boerse Stuttgart, Germany’s largest stock exchange, is capitalizing on the increasing global demand for cryptocurrencies, fueled by former U.S. President Donald Trump’s pro-crypto stance.
The exchange reportedly plans to expand its services to accommodate banks and financial institutions looking to offer digital asset products and leverage partnerships with liquidity providers to strengthen its position in the crypto market.
Over the past year, Boerse Stuttgart has tripled its crypto trading volume, which now constitutes 25% of its total revenue. Bitcoin accounts for nearly half of this activity. Currently, the exchange holds €4.3 billion in digital assets on behalf of its clients, having attracted over a million traders from the German-speaking region, including institutional and retail investors.
CEO Matthias Voelkel expressed optimism about the industry’s future, stating that the market is poised for significant growth as Trump positions the U.S. as a “Bitcoin nation.” A Bitcoin investor himself, Voelkel emphasized the technology’s tamper-proof nature and increasing global demand.
While the U.S. crypto market anticipates relaxed crypto regulations under Trump, Voelkel praised Europe’s regulatory framework, specifically the Markets in Crypto Assets (MiCA) regulation adopted in 2023. He views MiCA as providing a secure environment for crypto investors, ensuring trust and stability.
The move from Boerse Stuttgart builds on its previous attempts to solidify its position in the crypto industry. The exchange partnered with Amazon Web Services (AWS) to scale its crypto services for European financial institutions in October 2024. At the time, Voelkel highlighted the importance of trust and security in the crypto ecosystem, emphasizing that AWS Cloud plays a vital role in scaling its regulated infrastructure. Tanuja Randery, VP at AWS, expressed excitement about the partnership, stating that it allows the cloud service provider to meet the growing demands of customers in the crypto sector.
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