The crypto-focused arm of the Stuttgart Stock Exchange Group (Boerse Stuttgart Group) has extended its regulated crypto and digital asset services in Spain. Boerse Stuttgart Digital opens a new office in Madrid. Spain strengthens its position as the global hub for crypto-related investments.

Boerse Stuttgart Digital has opened an office in Madrid. Due to this step the entire German group is trying to position itself right in the middle of Spain’s bustling financial sector. Boerse Stuttgart Digital is now offering fully regulated, MiCA-compliant crypto trading and custody solutions to Spanish banks, brokers, and asset managers.

The German crypto provider reflects the rising institutional demand for crypto in Spain. According to Boerse Stuttgart Digital this development „is confirmed through ongoing dialogue with key financial players“.

Market studies project the revenue in the cryptocurrency market in Spain to reach around

$1.3bn by the end of 2025. The market is expected to show an annual growth rate above 85% during 2025 and 2026. That means the total cryptocurrency projected revenue would reach $2.4bn by the end of 2026.

Boerse Stuttgart Reflects Expanding Crypto Market

Also other estimated development for Spain´s crypto asset market looks tremendously. The number of cryptocurrency users is expected to reach more than 25 million by 2026. The user penetration rate is predicted to be nearly 51% in 2025 and is projected to increase above 53% by 2026.

“With the increasing demand from major Spanish financial institutions to offer crypto services to their retail clients, we have the right momentum to support them at every stage of the crypto value chain - providing reliable, fully regulated, and secure solutions for crypto trading and custody,” Joaquín Sastre Ibáñez, Chief Revenue Officer and Country Manager Spain of Boerse Stuttgart Digital said in a press release.

Boerse Stuttgart Digital runs currently eight international hubs across Europe. Besides Madrid clients may find company´s offices in Stuttgart, Berlin, Frankfurt (Main), Ljubljana, Milan, Stockholm and Zürich.

“With Boerse Stuttgart Digital we have built the largest crypto infrastructure business among all European exchange groups. Our infrastructure is fully regulated, trusted, and institutional-grade. Spain with its high performing, innovative banks is a core market for us, and we are already engaged in advanced collaboration discussions with key players," said Matthias Voelkel, Chief Executive Officer of Boerse Stuttgart Group in press release.

Crypto-Friendly But Tax-Not-Free

Although Spain is basically crypto-friendly country, crypto assets are subject of taxation. And there is practically no exemption. Crypto profits are taxed similarly to incomes with progressive tax rates. The lowest tax rate is 19% for profits up to €6,000 a year, while the profits over €300,000 are taxed by the highest rate 28%.

Besides taxes on profits from crypto assets, crypto might be the subject of wealth tax. The rates vary from 0.2 to 3.75%of the total value of wealth, depending on the region. Madrid is the only autonomous community that does not impose a wealth tax, but those with total assets over €2,000,000 must submit a Wealth Tax Return. All other regions have a minimum exemption of €700,000.

Sources:

https://www.bsdigital.com/media/n3lppvd2/en_20250923_boerse-stuttgart-digital-advances-

its-european-expansion-through-market-entry-in-spain.pdf

https://www.statista.com/outlook/fmo/digital-assets/cryptocurrencies/spain

https://taxdown.es/foreigners-spain-income-tax-returns/cryptocurrency-taxes-in-spain/

https://www.blockpit.io/tax-guides/crypto-tax-spain