Global law firm White & Case LLP has advised Börse Stuttgart Group and its subsidiary Börse Stuttgart Digital Holding GmbH on a merger with Tradias GmbH. The transaction aims to combine strengths in cryptocurrency trading and digital assets. It is expected to close in the second half of 2026, pending negotiations and regulatory approvals.
Börse Stuttgart Group, through its subsidiary Börse Stuttgart Digital Holding GmbH (BSDH), is merging with Tradias GmbH, a European trading house focused on cryptocurrency trading and digital asset services. White & Case LLP provided legal advice for the deal, which involves BSDH's established crypto operations and Tradias's client base.
BSDH runs what is described as the largest crypto business among traditional exchanges in Europe. It includes a regulated crypto broker, a regulated crypto exchange, and a MiCAR-licensed crypto custodian. Among its institutional clients are DZ Bank and DekaBank.
Tradias serves a diverse portfolio of customers, including leading neo-brokers like Trade Republic, DWP Bank, other service providers, and government institutions.
The merger is subject to ongoing negotiations and necessary regulatory approvals. No further details on the financial terms were disclosed in the announcement.
The White & Case team was led by partners Roger Kiem, Stefan Bressler, and Agmal Bahrami, all based in Frankfurt, with additional support from partners Woldemar Häring, Bodo Bender, Sebastian Stütze in Frankfurt, and Thilo Wienke in Düsseldorf. Associates involved include Enno Miedtank in Hamburg and several in Frankfurt: Pia Berger, Philip Eichhorn, Tommaso Prati, Christopher Ruof, Finn Pauls, Justus Redeker, and Jonas Huber. Transaction lawyer Bojan Bajalovic from Frankfurt also contributed.
This deal highlights the growing integration of traditional financial exchanges with digital asset markets in Europe.
