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Crypto Certificates Are Becoming Increasingly Popular In Germany


In Germany, young traders are getting more interested in novel financial trading solutions. According to a new Deutsche Borse Group report, cryptocurrency certificates will be the most traded items on the Frankfurt Certificate Exchange (FCE) in 2021.

Last year, the market volume for crypto certificates surpassed €1 billion. In 2021, Deutsche Borse greatly increased its crypto offerings, listing many new cryptocurrency items. Deutsche Borse expanded its digital asset portfolio with the acquisition of Litecoin ETN in April 2021.


In 2021, the exchange reported total trade volumes of €18.4 billion, a significant decrease from €21.1 billion in 2020. While the total number of structured product trading orders fell marginally last year, the average order size remained steady.

“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,” Börse Frankfurt Zertifikate AG Board Member Florian Claus stated.

“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, a Board Member of Börse Frankfurt Zertifikate AG.


In terms of adoption, Germany is one of the most popular crypto destinations in Europe. Hauck & Aufhäuser, one of the country’s oldest banks, announced the opening of a cryptocurrency fund in December 2020. Donner & Reuschel, a private bank based in Hamburg, said in March 2021 that it is intending to introduce crypto services. The increased trading activity in crypto goods on German financial markets indicates that regional investors are ready to embrace the growing asset class.