PANews reported on January 15 that Matthias Voelkel, CEO of the Stuttgart Stock Exchange Group, said that the election of Donald Trump and his ambition to make the United States a "Bitcoin country" are driving market expansion, and his group is striving to occupy a larger share in the cryptocurrency field. Although Voelkel did not disclose the specific amount of cryptocurrency transactions on the Stuttgart Exchange, he pointed out that the amount had tripled last year, accounting for about 25% of total revenue. He added that Bitcoin, as the world's most important cryptocurrency, accounts for "nearly 50% of such activities." At the end of last year, the exchange revealed that the total amount of cryptocurrency it held for its customers had reached 4.3 billion euros.

The exchange also said it has successfully attracted more than one million cryptocurrency trading customers, including professionals and private clients mainly from German-speaking countries. Voelkel also revealed that he personally invested in Bitcoin and said he was attracted by the tamper-proof technology behind Bitcoin. He believes that cryptocurrencies will only become more popular, pointing out that Bitcoin has "limited supply and growing demand from investors of all ages."

As more and more traditional financial players get involved in the cryptocurrency space, Voelkel hopes that Börse Stuttgart can become a "partner for banks and European financial institutions to provide crypto services to their customers." To this end, Börse Stuttgart has been establishing partnerships with liquidity providers and banks to facilitate more crypto-related transactions.