Boerse Stuttgart recorded a total turnover of approximately EUR 12.3 billion in March 2025, based on order book statistics. This marked a 28 percent increase compared to March 2024, with notable year-on-year growth in structured securities, equities, and exchange-traded products.
Structured securities remained the largest asset class by volume, contributing around EUR 4.6 billion. Within this segment, leverage products accounted for EUR 3.5 billion, while investment products contributed EUR 1.1 billion. Compared to March of the previous year, leverage product turnover rose by 8 percent and investment product turnover rose by 31 percent.
Equity trading reached EUR 2.7 billion, reflecting a 55 percent year-on-year rise. Domestic stocks accounted for EUR 1.9 billion, while international equities contributed EUR 787 million. The strongest growth came from trading in large-cap German companies, especially within the DAX segment.
Exchange-traded products (ETPs) posted EUR 3.1 billion in turnover, up 67 percent from the same month in 2024. The increase was driven by higher demand in crypto ETPs and inverse leveraged index products. According to Boerse Stuttgart’s monthly report, trading in crypto ETPs increased 180 percent year-on-year, totaling EUR 1.3 billion in March.
Debt instrument trading reached EUR 1.8 billion. Corporate bonds made up EUR 812 million of that total, while government bonds and subordinated debt contributed the remainder. Investment fund units generated turnover of EUR 146 million, which included EUR 98 million in active funds and EUR 48 million in passive funds.
Boerse Stuttgart is part of the Boerse Stuttgart Group, which also operates exchanges in Sweden and Switzerland. The group’s March report emphasized strong private investor activity across structured securities and ETPs, as well as growing institutional volumes in bonds and international equities.
Crypto business surpasses one million customers
Boerse Stuttgart Group wrapped up 2024 with record-breaking revenues, the highest in its history. The company flexed its muscles across capital markets, digital assets, and strategic growth, cementing its place as Europe’s sixth-largest exchange group.
This wasn’t just luck – Boerse Stuttgart Group stuck to its guns, steadily building its framework for structural growth. And the results? Nothing short of impressive. Partnerships with key institutional players pushed the Group to new heights.
The trio of European exchanges – Germany, Sweden, and Switzerland – didn’t just hold the line; they pushed forward, increasing trading volumes by 16% from the previous year. Sweden’s NGM and Switzerland’s BX Swiss set fresh records, defying the sluggish European trend. Over at NGM, 19 growth companies took the plunge and listed, bringing a breath of fresh air to the market.
Meanwhile, EUWAX AG – the Group’s broker – turned in another stellar performance. But the real star of the show was the digital division. Crypto trading volume soared, nearly tripling in 2024. Customer numbers crossed the million mark, while the value of cryptocurrencies held in custody hit EUR 4.3 billion.
Boerse Stuttgart offers ESG data for crypto
Boerse Stuttgart recently expanded its market data offering to include ESG data for cryptocurrencies. The data is calculated and provided by Crypto Risk Metrics as part of a cooperation. Boerse Stuttgart Group distributes the data through its existing network of data providers. Their clients can obtain the ESG data through a simple feed extension, which minimizes their internal effort.
At the start, Boerse Stuttgart Group offers ESG data for around 30 cryptocurrencies. The offering will be continuously expanded in line with demand. The launch of ESG data for cryptocurrencies by Boerse Stuttgart comes on the heels of the EU’s MiCA regulation, which will come into effect later this year and sets transparency requirements for crypto asset service providers, who will be obliged to publish sustainability figures for the cryptocurrencies they offer.
Boerse Stuttgart Group reported that it served approximately 890,000 retail customers in Europe by the end of 2023, reflecting a 10 percent increase year over year. Boerse Stuttgart Digital Custody holds a significant volume of cryptocurrencies, amounting to around EUR 2 billion, and expanded its cryptocurrency offerings to 27 for both retail customers and institutional partners.
As for the Group’s exchanges in Germany, Sweden, and Switzerland collectively anticipated a total turnover of approximately EUR 100 billion by the end of 2023, a remarkable feat in the challenging market conditions. The German exchange in Stuttgart alone accounted for around EUR 90 billion, maintaining its trading volume at par with the previous year.
Boerse Stuttgart tapped Fenergo for client onboarding
In late 2024, Boerse Stuttgart Digital partnered with Fenergo, a provider of AI-powered KYC, client lifecycle management, and transaction monitoring solutions, to accelerate the onboarding of banks, brokers and asset managers launching their own crypto offerings.
The European digital asset infrastructure provider is embracing the next wave of growth in Europe’s crypto market as MiCA is set to go live by the end of this year.
Fenergo is set to enhance streamlining compliance processes for banks, brokers, and asset managers that partner with BSD as their crypto infrastructure provider.
By streamlining the underlying compliance processes for Know Your Customer (KYC) and Anti-Money Laundering (AML), Boerse Stuttgart Digital enables financial institutions to offer secure and reliable trading and custody services to their customers at scale leveraging Fenergo’s solutions.
