Boerse Stuttgart, one of Germany’s top stock exchanges, has announced a partnership with decabank to bring cryptocurrency to the German investment bank’s institutional clients.
The partnership gives Dekabank, a financial giant with over 411 billion euros ($ 427 billion), to integrate crypto into its offerings using Boerse Stuttgart Digital’s regulated brokerage infrastructure.
“A partners with Dekabank to offer crypto trading to its institutional clients emphasize our obligation to provide financial institutions throughout Europe secure and fully regulated infrastructure solutions,” said Boerse Stuttgart Group’s CEO Matthias Voelkel.
Boerse Stuttgart Digital, a subsidiary of Boerse Stuttgart Group, provides mediation, trade and custody of financial institutions in Europe. Last month, the exchange revealed that the cryptocurrency business had exploded in recent years and now accounts for 25% of its total revenue.
The connection is part of Boerse Stuttgart’s plans to expand partnerships with “additional European banks, brokers and asset managers, which further contributes to the mass absorption of Cryptocurrencies.”
The exchange has said that cryptocurrency troops “almost tripled” last year to mark their best performance year to date. That applies to about 4.3 billion euros ($ 4.45 billion) in custody.
