White & Case advises Börse Stuttgart Group on merger with crypto trading house Tradias

Global law firm White & Case LLP has advised Börse Stuttgart Group and its subsidiary Börse Stuttgart Digital Holding GmbH (BSDH) on its merger with Tradias GmbH (Tradias).

The transaction is expected to close in the second half of 2026, subject to the completion of negotiations and regulatory approvals.

With a regulated crypto broker, a regulated crypto exchange and a MiCAR-licensed crypto custodian, BSDH operates the largest crypto business among traditional exchanges in Europe. Its institutional clients include DZ Bank and DekaBank, among others.

Tradias is a European trading house specializing in cryptocurrency trading and digital asset services with a broad customer portfolio consisting of leading neo-brokers such as Trade Republic, DWP Bank, other service providers and government institutions.

The White & Case team which advised on the transaction was led by partners Roger Kiem (Frankfurt), Stefan Bressler (Frankfurt & Hamburg) and local partner Agmal Bahrami (Frankfurt) and included partners Woldemar Häring, Bodo Bender, Sebastian Stütze (all Frankfurt) and Thilo Wienke (Düsseldorf) and associates Enno Miedtank (Hamburg), Pia Berger, Philip Eichhorn, Tommaso Prati, Christopher Ruof, Finn Pauls, Justus Redeker, Jonas Huber (all Frankfurt) and transaction lawyer Bojan Bajalovic (Frankfurt).

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