Boerse Stuttgart Group is merging its cryptocurrency business with Tradias to expand into institutional crypto markets, consolidating 300 employees under joint management. The combined unit will offer various services like brokerage, trading, custody, staking, and tokenized assets to banks and brokers across Europe. The deal’s financial terms were not disclosed, but it could value Tradias at about 200 million euros and the combined entity at over $590 million.

Boerse Stuttgart Digital, compliant with MiCA regulations, has seen a significant increase in crypto trading volumes, accounting for a quarter of its revenue in 2024. By merging with Tradias, the exchange group aims to enhance offerings by combining technology with execution capabilities. Tradias, licensed by BaFin, will join forces with Boerse Stuttgart to drive the development of the European crypto market.

The planned merger between Boerse Stuttgart Digital and Tradias is expected to create a new European champion in the digital assets market. Both companies aim to cover the entire value chain for digital assets and expand their strategic depth and reach for further market consolidation. The move signifies a significant step in the corporate development of both firms and their commitment to growth in the sector.

Read more at Cointelegraph: Boerse Stuttgart Digital Merges With Tradias In Crypto Push