Stuttgart, Germany, to merge cryptocurrency business with Tradias
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Börse Stuttgart Group, Europe's sixth-largest exchange group, is merging its cryptocurrency business with Tradias, a Frankfurt-based digital asset trading firm, according to Bloomberg. According to sources, Tradias is valued at approximately €200 million, and the combined entity is valued at over €500 million. Terms of the deal were not disclosed. The combined entity will employ approximately 300 people and be run by a joint management team comprised of executives from both Börse Stuttgart and Tradias.
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