Bitcoin Pump Incoming? After Nasdaq Another Exchange Enters Crypto custody

Ashish Kumar
March 30, 2023 Updated July 17, 2025
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Nasdaq To Revolutionize Crypto Tech To Foster Carbon Markets Development

Crypto News: Boerse Stuttgart Digital on Thursday announced that one of its units, blocknox GmbH has gained the final license as a crypto custodian from the German Federal Financial Supervisory Authority (BaFin). This development comes when the global stock market witnessed some recovery after the recent dump caused by the multiple bank collapse.

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Boerse Stuttgart Digital Gains Crypto Custody License

As per the announcement, Boerse Stuttgart Group under the brand Boerse Stuttgart digital has combined all its cryptocurrency and digital assets operations. The license will give the Boerse Stuttgart digital firm the power to offer solutions to institutional investors with access to cryptocurrencies.

Germany’s second largest stock exchange expects European banks, brokers, asset managers, and family offices to utilize trading and custody solutions.

Matthias Voelkel, CEO of Boerse Stuttgart Group mentioned that this is the first instance that an established market participant gained the license to hold digital assets in custody with any takeover. Read More Crypto News Here…

Also Read: Crypto Market At Risk As Easy Cash Era Comes To An End

Earlier, Coingape reported that the exchange operator Nasdaq might launch its crypto custody services. However, it is expected that to be out by the end of the second quarter. It is being suggested that this move will broaden the scope of services offered in the crypto space.

However, the exchange group, in September 2022 revealed that it will initially offer custody services for Bitcoin (BTC) and Ethereum (ETH). This service will be available for institutional investors first.

Also Read: US SEC Focus On Enforcement Over Clarity: Ripple Execs Ahead Of Lawsuit Verdict

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Ashish believes in Decentralisation and has a keen interest in evolving Blockchain technology, Cryptocurrency ecosystem, and NFTs. He aims to create awareness around the growing Crypto industry through his writings and analysis. When he is not writing, he is playing video games, watching some thriller movie, or is out for some outdoor sports. Reach me at [email protected]
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.