Boerse Stuttgart Digital and Tradias Complete European Crypto Merger

Boerse Stuttgart Digital and institutional crypto trading firm Tradias have completed their merger after clearing the required ownership control procedure. The transaction, first announced in February, creates a combined digital asset infrastructure unit with approximately 300 employees. The merged business will operate under the Boerse Stuttgart Digital name while Tradias will remain the brand for trading services, according to a Wednesday announcement. The companies agreed to combine their regulated crypto businesses to expand services for banks, brokers and other financial institutions across Europe.

Boerse Stuttgart Digital Retains Name as Tradias Becomes Trading Brand

The merged entity will operate under the Boerse Stuttgart Digital name, while Tradias will remain the brand for trading services. The unit will be headquartered in Frankfurt and Stuttgart, with additional locations in Athens, Beirut, Berlin, Dubai, Madrid, Milan and Ljubljana.

Merged Entity Offers Trading, Custody, Staking and Tokenization Services

The combined business will provide trading, custody, staking and tokenization services. Tradias provides trading and market-making services for more than 150 cryptocurrencies and other digital assets. Financial terms of the transaction were not disclosed.

Christopher Beck and Ulli Spankowski Named Co-CEOs

Tradias founder Christopher Beck and Boerse Stuttgart Digital managing director Ulli Spankowski will serve as co-CEOs of the merged entity. Boerse Stuttgart Digital serves institutions including DZ Bank, DekaBank, Intesa Sanpaolo and Société Générale-FORGE. Tradias works with clients including flatexDEGIRO, dwpbank and European government institutions.

FAQ

When did Boerse Stuttgart Digital and Tradias complete their merger?

Boerse Stuttgart Digital and Tradias completed their merger after clearing the required ownership control procedure, with the completion announced on a Wednesday. The transaction was first announced in February.

What services will the merged Boerse Stuttgart Digital and Tradias entity provide?

The merged entity will provide trading, custody, staking and tokenization services. Tradias provides trading and market-making services for more than 150 cryptocurrencies and other digital assets.

Who will lead the merged Boerse Stuttgart Digital and Tradias business?

Tradias founder Christopher Beck and Boerse Stuttgart Digital managing director Ulli Spankowski will serve as co-CEOs of the merged entity.