#Stuttgart Stock Exchange Expands Crypto Market Share#

The Stuttgart Stock Exchange in Germany is actively expanding its cryptocurrency market share. The exchange's CEO, Matthias Voelkel, said that the cryptocurrency business tripled in size last year, accounting for around 25% of the company's total revenue, with Bitcoin trading making up nearly 50% of the crypto business. As of the end of 2024, the exchange was holding €4.3 billion in crypto assets for clients. Voelkel believes that Donald Trump's election and his ambition to make the U.S. a "Bitcoin nation" are driving the market expansion, and the Stuttgart exchange is seeking to gain a larger share of the cryptocurrency market. The exchange has successfully attracted over a million cryptocurrency trading clients, including professionals and private clients, primarily from German-speaking countries. Voelkel also revealed he personally invests in Bitcoin, saying he is drawn to the tamper-proof technology behind it. He believes that cryptocurrencies will only become more popular, pointing out that Bitcoin has a "limited supply, and demand is growing from investors of all ages." To further expand its market share, the Stuttgart exchange is forging partnerships with liquidity providers and banks to facilitate more crypto-related transactions and hopes to become a "partner for banks and European financial institutions to offer crypto services to their clients."