Boerse Stuttgart Digital and tradias have announced plans to merge, creating a combined entity with around 300 employees that spans retail cryptocurrency infrastructure and institutional trading. The deal is expected to close in the second half of 2026 pending regulatory approval.
The merger combines two businesses with complementary operations. Boerse Stuttgart Digital operates retail and institutional B2B digital asset services, including its BISON consumer app which surpassed 1 million users in January 2026 and crypto exchange BSDEX. It provides digital asset custody as well as infrastructure enabling major financial institutions to use digital assets or offer services to their customers. Clients include Intesa Sanpaolo, DZ Bank enabling crypto for cooperative banks, and DekaBank with its crypto offering for savings banks.
By contrast, tradias operates as a market maker and institutional liquidity desk, serving clients such as flatexDEGIRO, Trade Republic and dwpbank. It also supports a wider range of tokens, making markets for 150 crypto-assets and 1,000 trading pairs. The combined business will offer crypto brokerage, exchange, custody, staking and tokenized assets services.
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