Boerse Stuttgart Digital, Tradias close European crypto merger
The completed tie-up combines Boerse Stuttgart Digital’s custody business with Tradias’ trading operations under a joint management team.
Boerse Stuttgart Digital and institutional crypto trading firm Tradias have completed their merger after clearing the required ownership control procedure, creating a combined digital asset infrastructure unit with about 300 employees.
The transaction was first announced in February, when the companies agreed to combine their regulated crypto businesses and expand their services for banks, brokers and other financial institutions across Europe.
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.