Boerse Stuttgart Partners with Dekabank to offer crypto trading for institutional clients
Boerse Stuttgart, one of Germany’s leading stock exchanges, has announced a partnership with Dekabank to bring cryptocurrency trading with clients of the German institutional bank.
Partnership allows Dekabank, a financial giant with more than 411 billion euros ($ 427 billion), to incorporate crypto into its offerings using the Regulated Brokerage of Boerse Stuttgart Digital.
“Collaboration with Dekabank to offer crypto trading to institutional clients who emphasizes our commitment to providing financial institutions throughout Europe of safe and fully regulated infrastructure solutions,” said Boerse Stuttgart Group CEO Matthias Voelkel.
Boerse Stuttgart Digital, a subsidiary of the Boerse Stuttgart Group, provides brokerage, trading, and caution services for European financial institutions. Last month, the exchange of his cryptocurrency trading business exploded in recent years and now account for 25% of its general income.
The tie-up is part of the Boerse Stuttgart plans to expand partnerships with “additional European banks, brokers, and asset managers, which further contributes to the adoption of the mass of cryptocurrencies.”
The exchange said cryptocurrency trading volumes were “almost tripled” last year to mark their best year-to-date performance. It holds nearly 4.3 billion euros ($ 4.45 billion) in custody.
