Borse Stuttgart, one of the main stock exchanges in Germany, has announced an association with Dekabank to carry the cryptocurrency trade to the institutional clients of the German investment bank.
The association allows Dekabank, a financial giant with more than 411 billion euros ($ 427 billion), integrates cryptography into its offers using the regulated brokerage infrastructure of BOSE Stuttgart Digital.
“Associate with Dekabank to offer cryptography trade to its institutional clients underlines our commitment to provide financial institutions throughout Europe in safe and totally regulated infrastructure solutions,” said the CEO of Borse Stuttgart, Matthias Voelkel.
Borse Stuttgart Digital, a subsidiary of Borse Stuttgart Group, provides brokerage, trade and custody for financial institutions in Europe. Last month, the exchange revealed that his cryptocurrency negotiation business had exploded in recent years and now represents 25% of his general income.
The link is part of the plans of Borse Stuttgart to expand associations with “additional European banks, runners and asset administrators, contributing even more to the massive adoption of cryptocurrencies.”
The exchange has said that the “almost tripled” cryptocurrency trade volumes last year to mark their best performance in the year to date. It has about 4.3 billion euros ($ 4.45 billion) in custody.
