Ah, the Germans, always so serious, so methodical, and yet, they’ve finally succumbed to the allure of cryptocurrency trading. Boerse Stuttgart Digital, the digital asset arm of the venerable German stock exchange, has partnered with DekaBank to bring crypto trading to its institutional clients. How delightfully… modern.
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View Urgent ForecastBoerse Stuttgart Digital will provide its regulated infrastructure, because, of course, the Germans love their rules and regulations. And DekaBank, with its 411.5 billion euros in total assets, is eager to dip its toes into the wild world of crypto. Who wouldn’t want a piece of that action, darling?
“With our fully regulated brokerage solution, DekaBank can seamlessly provide secure and reliable access to crypto trading,” Boerse Stuttgart Digital declared, sounding like the epitome of excitement. One can almost hear the champagne corks popping in the background.
This partnership comes hot on the heels of Boerse Stuttgart Digital Custody receiving a full license under the European Union’s new Markets in Crypto-Assets (MiCA) framework. Because, naturally, one must always follow the rules, especially when it comes to something as thrilling as cryptocurrency.
DekaBank’s Crypto Journey: A Tale of Skepticism and Adoption
Founded in 1918, DekaBank is a major German asset manager that’s been around longer than some of our grandparents. And yet, it’s only recently that they’ve decided to join the crypto party. Better late than never, as they say.
DekaBank started its crypto journey in 2023 by building a blockchain-based tokenization platform with the Swiss digital asset firm Metaco. And now, with the EU’s MiCA crypto regulation framework in place, they’re ready to take the plunge into crypto trading. How… adventurous of them.
“Cryptocurrencies are tradable around the world, more regulated in some parts of the world, and less to not regulated in other parts of the world,” DekaBank’s digital asset executive Andreas Sack said, sounding like a voice of reason in a world gone mad. One can almost hear the sound of regulatory disparities giving him a headache.
Boerse CEO is Happy about the Strong Market Dynamic from the US
Boerse Stuttgart, which saw its crypto business drive 25% of its total revenues in 2024, is thrilled about global regulatory developments in the crypto industry. Because, of course, nothing says “fun” like a good set of rules and regulations.
“We are convinced that for the crypto market to thrive, smart regulation is key,” Boerse Stuttgart Group CEO Matthias Voelkel said, sounding like the ultimate party pooper. But then, he added, “So we welcome that Europe has put smart crypto regulation in place. And we are happy about the strong market dynamic coming from the US. Against this backdrop $500,000 USD for Bitcoin might not be unrealistic in the mid-term […]”
Voelkel also emphasized that Europe is not lagging behind the United States in crypto adoption, although he did admit that the US has done better regarding artificial intelligence developments. Ah, the eternal struggle between Europe and the US – who can regulate the most, who can innovate the fastest.
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2025-02-28 14:25