German stock exchange operator Boerse Stuttgart announces merger of its crypto business with trading platform Tradias

Odaily News German stock exchange operator Boerse Stuttgart Group has announced the merger of its cryptocurrency business with Frankfurt-based digital asset trading platform Tradias. The newly formed division will have approximately 300 employees and will be jointly managed by both parties. According to informed sources, the transaction values Tradias at around 200 million euros, with the combined entity valued at over 500 million euros.

Boerse Stuttgart currently operates a cryptocurrency trading platform serving over 1 million retail investors. Tradias provides trading infrastructure for brokers such as Trade Republic, supporting over 30 million users in trading more than 150 cryptocurrencies. (Bloomberg)