About 25% of the revenue of the Stuttgart Stock Exchange in Germany comes from cryptocurrency trading, and its CEO has invested in Bitcoin

2025-01-15 19:04:17
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ChainCatcher news, Matthias Voelkel, CEO of the Boerse Stuttgart Group, recently stated that with Trump's election as President of the United States and his push to make the U.S. a "Bitcoin nation," the group is actively expanding its share in the cryptocurrency trading sector.

Voelkel revealed that the cryptocurrency trading volume at the Stuttgart Stock Exchange has tripled in the past year, accounting for about 25% of the company's total revenue. Bitcoin is the most important trading asset on the platform, making up nearly 50% of the trading volume. Traditional banks and investors are gradually showing increased interest in cryptocurrencies, with the European Central Bank estimating that about 10% of investors hold digital assets.

The exchange also stated that it has successfully attracted over one million cryptocurrency trading clients, including professionals and private clients primarily from German-speaking countries. Voelkel also revealed that he personally invested in Bitcoin and expressed his attraction to the anti-tampering technology behind Bitcoin. He believes that cryptocurrencies will only become more popular, pointing out that Bitcoin has a "limited supply, while demand from investors of all ages is continuously growing."

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