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Reading: Boerse Stuttgart Thrives with Remarkable Growth in Cryptocurrency Transactions
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COINTURK NEWS > Cryptocurrency News > Boerse Stuttgart Thrives with Remarkable Growth in Cryptocurrency Transactions
Cryptocurrency News

Boerse Stuttgart Thrives with Remarkable Growth in Cryptocurrency Transactions

In Brief

  • Boerse Stuttgart sees a 25% revenue share from cryptocurrency transactions.

  • Transaction volume has tripled, indicating strong market performance.

  • The platform now attracts over one million cryptocurrency customers.

İlayda Peker
İlayda Peker 4 months ago
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Boerse Stuttgart, one of Germany’s leading exchanges, has experienced significant growth in cryptocurrency transactions in recent years. According to recent announcements, cryptocurrency transactions now account for approximately 25% of the exchange’s total revenue.

Contents
Transaction Volume TriplesAttracting Millions of Users

Transaction Volume Triples

In a press release regarding last year’s performance, the Boerse Stuttgart Group revealed that its cryptocurrency transaction volume has nearly tripled in 2024, showcasing impressive results. The company reportedly holds assets worth approximately 4.3 billion euros in custody services.

CEO Matthias Voelkel stated that around 50% of the company’s trading revenue comes from Bitcoin $106,150. Voelkel explained in an interview with global news agency AFP that the company has focused on expanding its cryptocurrency trading platform over the past five years.

Attracting Millions of Users

Boerse Stuttgart has targeted both professional and individual investors in the German-speaking world. As a result of this strategy, the platform now serves over one million cryptocurrency customers.

Voelkel noted that the company offers services through its digital exchange and the BISON app, which is focused on individual investors. Last year, Boerse Stuttgart partnered with German insurance giant Munich Re and staking provider Staking Facilities to launch fully insured cryptocurrency staking services on the BISON app.

These developments in the market have contributed to Boerse Stuttgart’s strong positioning in the cryptocurrency space. The exchange continues to enhance its platform to maintain its success in cryptocurrency transactions, with growing investor interest and the addition of new services increasing future growth potential.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 16 January, 2025 - 5:05 am 16 January, 2025 - 5:05 am
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