Germany: crypto certificates are the most traded products in 2021
Germany: crypto certificates are the most traded products in 2021

Germany: crypto certificates are the most traded products in 2021

By Stefania Stimolo - 10 Jan 2022

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The Frankfurt Stock Exchange, or Börse Frankfurt, shows that crypto certificates (or warrants) are the most traded products in 2021 in Germany. Their trading volume exceeded 18.4 billion euros. 

Germany, crypto certificates on the Frankfurt stock exchange

According to reports, it seems that crypto certificates are still the most popular products in Germany for 2021 as well, so much so that their trading volume on the Frankfurt Certificate Exchange, the dedicated section of the Frankfurt Stock Exchange, was over €18.4 billion. 

This is a small drop compared to 2020, which had a trading volume of €21.1 billion, but it leaves no room for other financial products to take the lead. 

In this regard, Florian Claus, member of the Board of Directors of Börse Frankfurt Zertifikate AG, commented:

“In 2021, we were able to further expand the range of certificates on cryptocurrencies together with our issuers. 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”.

Germany crypto certificates
On the Frankfurt Stock Exchange, crypto certificates reached volumes of 18 billion

Crypto certificate volume above 18 billion 

This important achievement by cryptocurrency certificates in Germany, it seems, is also due to a type of savings that the Frankfurt Certificate Exchange offers its users.

In this regard, Simone Kahnt-Eckner, member of the board of directors of Börse Frankfurt Zertifikate AG, also gave her comments on the matter:

“Since 1 July 2021, we have waived the calculation of value-added tax on the transaction fees paid by our trading participants at the Frankfurt warrants-exchange,” adds Simone Kahnt-Eckner, Board Member of Börse Frankfurt Zertifikate AG. “This means that private clients and issuers can save up to 19 percent on the trading of around 1.4 million investment and leverage products in Frankfurt compared to other trading venues”.

And in fact, 1 July 2021 was also the day that a new German law came into force in Germany allowing “special funds” or Spezialfonds, to allocate up to 20% of their portfolio in cryptocurrencies. 

Deutsche Börse Group increasingly open to crypto

Deutsche Börse Group, founded in 1992 in Frankfurt, operates the country’s largest stock exchange, Börse Frankfurt, along with other brands.

Its interest in crypto exploded last summer, when it announced that it had acquired a majority stake in Crypto Finance AG, the Swiss company that provides products and services on cryptocurrencies. 

Crypto Finance was founded in 2017 and is Switzerland’s first FINMA-regulated crypto asset management, with over 55 employees offering brokerage, storage infrastructure and tokenization solutions among many other crypto services. 

However, it was not until 15 December 2021 that the closing of the acquisition took place, underlining that the aim is to build a regulated European ecosystem for cryptocurrency investment, trading and post trading. 

Stefania Stimolo

Graduated in Marketing and Communication, Stefania is an explorer of innovative opportunities. She started out as a Sales Assistant for e-commerce, and in 2016 she began to develop a passion for the digital world, initially in the Network Marketing sector, where she discovered and became passionate about the ideals behind Bitcoin and Blockchain technology, which lead her to work as a copywriter and translator for ICO projects and blogs, and organize introductory courses.

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