Boerse Stuttgart, one of Germany’s top stock exchanges, announced a partnership with Dekabank, bringing cryptocurrency trading to institutional clients of German investment banks.
The partnership allows Dekabank, a financial giant with over 41.1 billion euros ($427 billion), to integrate Crypto into its products using Boerse Stuttgart Digital’s regulated brokerage infrastructure.
“We are partnering with Dekabank to provide crypto transactions to institutional clients, highlighting our commitment to providing secure, fully regulated infrastructure solutions to financial institutions across Europe,” said Matthias Voelkel, CEO of Boerse Stuttgart Group.
Boerse Stuttgart Digital, a subsidiary of Boerse Stuttgart Group, provides intermediary, trading and custody services to financial institutions in Europe. Last month, the exchange revealed that cryptocurrency trading business has exploded in recent years, and now accounts for 25% of its overall revenue.
The partnership is “part of Boerse Stuttgart’s plan to expand partnerships with additional European banks, brokers and asset managers, further contributing to the massive adoption of cryptocurrencies.”
The exchange says it will perform at its highest performance of the year as cryptocurrency trading volume “nearly tripled” last year. It has detained approximately 4.3 billion euros ($4.45 billion).
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
