Boom on the Frankfurt Stock Exchange of crypto products

According to a report by the Frankfurt Stock Exchange, cryptocurrency certificates were once again the most popular products in 2021 with a trading volume of more than €1 billion at the Frankfurt Certificate Exchange, which is celebrating its 15th anniversary this year.

$1 billion volumes for crypto products in Frankfurt

The Frankfurt Exchange’s report, published annually, found that the volume of crypto certificates was estimated at more than €1 billion in 2021. This represents about 5.4% of the combined trading volume of the 18.4 billion euros traded on the Frankfurt exchange last year.

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Florian Claus, a board member of Börse Frankfurt Zertifikate AG, explained to the press how 2021 saw a real boom in certificates linked to cryptocurrencies listed in Frankfurt:

“With over 900 products on a total of 29 crypto underlyings, we now offer the largest range of crypto products in the certificate sector in Germany. This enables investors to trade cryptocurrencies quickly and easily via their own securities account”.

According to some experts, this success is also due to the favorable treatment of these products on the tax front, as there is still a lack of precise regulations on crypto financial products.

Frankfurt crypto products
Boom in certificates related to cryptocurrencies listed in Frankfurt

More crypto products for German investors

In pursuit of this new trend, Deutsche Börse has expanded its product offering for cryptocurrencies (ETNs) from 4 to 36 products by the end of 2021. ETNs are planned only for the most popular and capitalized digital currencies, such as Bitcoin, Bitcoin Cash, Cardano, Ethereum, Litecoin , Polkadot, Solana, Stellar, Tezos and TRON, as well as products linked to four cryptocurrency baskets. 

The average monthly trading turnover of crypto ETNs has, according to the Frankfurt Stock Exchange report, increased to more than €1 billion (+922%; 2020: €103 million).

In addition, at the end of 2021, the Frankfurt Stock Exchange acquired a majority stake in Crypto Finance Group, a leading Swiss company providing digital asset services. 

The statement issued by the German stock exchange following the acquisition explains how this transaction: 

“lays the foundation for building an independent, transparent and highly scalable ecosystem for digital assets under European regulation”.

In addition, Deutsche Börse revealed that very soon it may provide additional crypto options to its customers, including post-trade transactions.


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