• Home
  • Cryptocurrency
  • Blockchain
  • Analysis
  • News
    • Regulations Security
    • Getting Started
  • Insights
    • Opinion
    • Expert Interview
  • All Posts
Facebook X (Twitter) Instagram
Trending
  • KiloEx Exchange Exploiter Restores All Stolen Funds Following $7.5 Million Hack
  • Hashkey Targets XRP ETF in Asia with New Fund Supported by Ripple
  • Sygnum Predicts Potential Altcoin Rally in Q2 2025 Due to Enhanced Regulations
  • Media Tycoon Files Counterclaim Against Justin Sun in $78 Million Sculpture Dispute
  • Yemenis are embracing DeFi in response to US sanctions on the Houthi group
  • Saylor and ETF Investors’ ‘Stronger Hands’ Contribute to Bitcoin Stabilization — Analyst
  • Bitcoin Dip Buyers Show Interest at BTC Range Lows, Yet Remain Risk-Averse Until $90K Establishes Support
  • Kyrgyzstan’s President Enacts CBDC Legislation Granting Legal Status to ‘Digital Som’
Facebook X (Twitter) Instagram
CoinovelCoinovel
  • Home
  • Cryptocurrency
  • Blockchain
  • Analysis
  • News
    • Regulations Security
    • Getting Started
  • Insights
    • Opinion
    • Expert Interview
  • All Posts
CoinovelCoinovel
Home » Crypto accounts for 25% of Boerse Stuttgart’s 2024 revenue, reveals EU stock exchange
Crypto accounts for 25% of Boerse Stuttgart's 2024 revenue, reveals EU stock exchange
Crypto accounts for 25% of Boerse Stuttgart's 2024 revenue, reveals EU stock exchange

Crypto accounts for 25% of Boerse Stuttgart’s 2024 revenue, reveals EU stock exchange

0
By admin on 2025-01-15 Cryptocurrency

German stock exchange Boerse Stuttgart, one of Europe’s largest exchange groups, experienced a substantial increase in revenue in 2024 due to its cryptocurrency services. According to the CEO of Boerse Stuttgart group, Matthias Voelkel, the trading volumes for cryptocurrencies tripled, contributing to 25% of the company’s total revenue. This information was reported by the financial newspaper Barron’s, citing AFP.

By the end of 2024, the total amount of cryptocurrency held by Boerse Stuttgart for its clients reached 4.3 billion euros ($4.4 billion), with Bitcoin accounting for approximately 50% of all transactions. The exchange attracted over one million clients, including both professional and retail investors, primarily from German-speaking countries.

Voelkel expressed an optimistic view of the crypto market, stating that cryptocurrencies will continue to gain popularity. He attributed this to Bitcoin’s limited supply and the increasing demand from investors. The CEO also revealed that he personally invested in Bitcoin and praised its tamper-proof technology.

To expand its crypto services, Boerse Stuttgart has formed partnerships with liquidity providers and banks. Voelkel stated in an official statement on December 30 that they have become the regulated partner for trading and secure custody of cryptocurrencies for DZ Bank, the cooperative banking group, and are in the process of rolling out these services. Additionally, Boerse Stuttgart has collaborated with Amazon Web Services to scale its institutional crypto infrastructure for financial institutions across Europe. They have also developed an insured staking offering for cryptocurrencies in cooperation with Munich Re.

Voelkel questioned the belief that the deregulation of cryptocurrencies promised by President-elect Donald Trump in the United States would lead to the market relocating there. He stated that the market in Europe is benefiting from positive momentum, referring to the anticipated crypto policy shift in the US.

Boerse Stuttgart introduced its crypto trading services in 2019, initially starting with Bitcoin trading. Since then, the stock exchange has expanded its crypto offerings, including Ethereum staking.

Cointelegraph reached out to Boerse Stuttgart for comment on its surge in crypto trading volume but did not receive a response at the time of publication.

Cryptocurrency trading within the European Union is regulated by the Markets in Crypto-Assets Regulation (MiCA), which came into full force in late 2024. Despite concerns about potential overregulation during its initial rollout, some executives believe that MiCA will be a significant step forward for the cryptocurrency industry.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hashkey Targets XRP ETF in Asia with New Fund Supported by Ripple

Sygnum Predicts Potential Altcoin Rally in Q2 2025 Due to Enhanced Regulations

Bitcoin Dip Buyers Show Interest at BTC Range Lows, Yet Remain Risk-Averse Until $90K Establishes Support

  • Popular
  • Latest
  • Hot comments
2022-02-23 Getting Started

Cryptopedia: Unveiling the Metaverse’s Potential to Revolutionize the Internet

2022-03-07 Getting Started

Unveiling Cryptopedia: Grasp the fundamentals of DAOs and their operational mechanisms

2022-03-25 Getting Started

Cryptopedia: Explore Web3 and its goal to revolutionize internet services

2025-04-18 Regulations Security

KiloEx Exchange Exploiter Restores All Stolen Funds Following $7.5 Million Hack

2025-04-18 Cryptocurrency

Hashkey Targets XRP ETF in Asia with New Fund Supported by Ripple

2025-04-18 Cryptocurrency

Sygnum Predicts Potential Altcoin Rally in Q2 2025 Due to Enhanced Regulations

Latest Gallery

Latest Recommendations
2025-04-18 Regulations Security

KiloEx Exchange Exploiter Restores All Stolen Funds Following $7.5 Million Hack

2025-04-18 Cryptocurrency

Hashkey Targets XRP ETF in Asia with New Fund Supported by Ripple

2025-04-18 Cryptocurrency

Sygnum Predicts Potential Altcoin Rally in Q2 2025 Due to Enhanced Regulations

2025-04-18 Regulations Security

Media Tycoon Files Counterclaim Against Justin Sun in $78 Million Sculpture Dispute

2025-04-18 Blockchain

Yemenis are embracing DeFi in response to US sanctions on the Houthi group

2025-04-18 Regulations Security

Saylor and ETF Investors’ ‘Stronger Hands’ Contribute to Bitcoin Stabilization — Analyst

2025-04-18 Cryptocurrency

Bitcoin Dip Buyers Show Interest at BTC Range Lows, Yet Remain Risk-Averse Until $90K Establishes Support

2025-04-18 News

Kyrgyzstan’s President Enacts CBDC Legislation Granting Legal Status to ‘Digital Som’

2025-04-17 Blockchain

Polygon’s Nailwal: The Jio Partnership Will Propel Real-World Web3 Adoption for 450 Million Users

2025-04-17 Blockchain

Babylon’s Total Value Locked Decreases by 32% as Wallets Unstake $1.2B in Bitcoin

2025-04-17 Regulations Security

OpenAI pursued a deal with Anysphere prior to shifting its focus to WindSurf

2025-04-17 Analysis

Bitcoin Gold’s Imitation Strategy Could Surpass $150K as BTC Remains ‘Remarkable’

2025-04-17 Cryptocurrency

AI Tokens and Memecoins Dominate Cryptocurrency Narratives in Q1 2025: CoinGecko

2025-04-17 Cryptocurrency

Four Reasons Why the Price of Bitcoin Could Surge to $90,000 in April

2025-04-17 News

Trump Criticizes Powell for Delaying Interest Rate Cuts, Calling It ‘Too Late’

2025-04-17 News

Wyoming Commission Considers Whether Stablecoin Falls Under SEC Regulations

About
About

Coinovel is an enthralling novel of cryptocurrencies. Engage with narratives, delve into stories, and journey through the captivating world of digital currencies.

X (Twitter) Telegram
Popular posts
2022-02-23 Getting Started

Cryptopedia: Unveiling the Metaverse’s Potential to Revolutionize the Internet

2022-03-07 Getting Started

Unveiling Cryptopedia: Grasp the fundamentals of DAOs and their operational mechanisms

2022-03-25 Getting Started

Cryptopedia: Explore Web3 and its goal to revolutionize internet services

Copyright © 2025 coinovel. All rights reserved.
  • Home
  • Cryptocurrency
  • Blockchain
  • Regulations Security
  • Analysis
  • Insights
  • News
  • Getting Started

Type above and press Enter to search. Press Esc to cancel.