Matthias Voelkel, the CEO of the Boerse Stuttgart Group, revealed his personal Bitcoin holdings and stated that he was optimistic about cryptocurrencies.
By providing cryptocurrency services in 2024, the German stock exchange Boerse Stuttgart, one of Europe’s most prominent exchange groups, saw a notable increase in revenue.
According to a January 15 story by the financial publication Barron’s, which cited AFP, Matthias Voelkel, the CEO of the Boerse Stuttgart group, stated that the company’s cryptocurrency trading volumes tripled in 2024 and accounted for 25% of its income last year.
By the end of 2024, Boerse’s clients possessed 4.3 billion euros ($4.4 billion) in cryptocurrency, with Bitcoin BTC$99,257 making up about half of all transactions.
More than one million clients from German-speaking nations visited the exchange, comprising both professional and individual investors.
Crypto is a bull market for Boerse Stuttgart’s CEO.
Matthias Voelkel stated in the paper that he was bullish about the cryptocurrency business and that it would only continue to grow in popularity. He cited the limited supply of Bitcoin and the rising demand from investors as one explanation.
The CEO praised Bitcoin’s core tamper-proof technology and purportedly revealed that he had invested in the cryptocurrency.
Boerse has formed alliances with banks and liquidity providers to broaden its crypto offerings.
In Boerse’s official statement on December 30, Voelkel stated, “We have become the regulated partner for trading and secure custody of cryptocurrencies for DZ Bank and the cooperative banking group, and the roll-out has already begun.” He went on to say:
“Through our partnership with Amazon Web Services, we have laid the foundation for further scaling our institutional crypto infrastructure for financial institutions across Europe. In cooperation with Munich Re, we have developed an insured staking offering for cryptocurrencies.”
Trump’s deregulation of the cryptocurrency industry raises concerns about Voelkel’s escape to the US.
Voelkel also questioned the notion that the market would move to the US due to the crypto deregulation pledged by US President-elect Donald Trump.
The CEO allegedly stated, “The market in Europe is benefiting from a positive dynamic,” alluding to the expected change in US crypto policy.
According to earlier reports, Boerse Stuttgart first offered cryptocurrency trading services in 2019—first with Bitcoin trading. Since then, the stock exchange has expanded its cryptocurrency offerings by introducing several new services, such as Ethereum staking.
The EU’s Markets in Crypto-Assets Regulation (MiCA), which went into effect in late 2024, governs cryptocurrency trading in the EU.
Although some CEOs are worried about possible overregulation during its initial implementation, they believe MiCA will be a significant step forward for the Bitcoin business.