Tradias
Tradias is a Frankfurt-based, BaFin-regulated securities trading bank providing institutional crypto market making across 150 assets, OTC principal trading, and tokenization services for professional banks and brokers across Europe.
- Company typePrivate
- Founded2020
- HeadquartersFrankfurt, Germany
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Tradias does
Tradias GmbH is a Frankfurt-based, BaFin-regulated securities trading bank that provides institutional digital asset services across three core product modules: an OTC & Principal Desk for bespoke crypto execution, a Market Making service covering 150 crypto assets and 1,000 trading pairs for exchanges and platforms, and a Tokenization platform supporting money market funds, securities, and real-world assets on the Polygon blockchain. The company emerged from Bankhaus Scheich (founded 1985) and began operating under the tradias brand in 2020; in October 2024 it obtained its own BaFin securities trading bank license (BaFin-ID: 10160903) and completed its Series A financing, enabling independent regulated operations under MiFID II and MiCAR.
The underlying technology is institutional crypto market making and OTC infrastructure accessible via API, chat, and a proprietary trading platform, with multi-asset support spanning tokenized assets, cryptocurrencies, and FX pairs. Tradias has built a distribution ecosystem through integrations with Talos, Wyden, and BitGo Prime, and a wholly-owned issuance subsidiary (tradias Issuance GmbH) supports tokenization of securities. The firm exclusively serves professional clients and eligible counterparties under MiFID II.
Revenue mechanics are transaction-based — spreads on crypto-asset exchange, market making fees, OTC principal markups, and tokenization-related services — with individually negotiated bilateral pricing rather than published rate cards. In February 2026, Tradias announced a planned merger with Boerse Stuttgart Digital at an implied combined valuation of over $590 million, expected to close in H2 2026 pending regulatory approval, which would consolidate around 300 employees across multiple European hubs and add retail infrastructure (BISON app with 1M+ users) to the institutional platform.
Tradias firmographics
Firmographics- Name
- Tradias
- Legal name
- Tradias GmbH
- Website
- https://tradias.de
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Tradias is a Frankfurt-based, BaFin-regulated securities trading bank providing institutional crypto market making across 150 assets, OTC principal trading, and tokenization services for professional banks and brokers across Europe.
- Ownership category
- akta.pro rank
Tradias industry classification
Industry- Product category
- Institutional Digital Asset Trading
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities and Commodity Exchanges (523210)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Digital Asset/Crypto Trade Execution Platforms (FSAFANAO)
Keywords
Where Tradias is headquartered
LocationHeadquarters
- HQ city
- Frankfurt
- HQ country
- Germany
- HQ region
- Europe
Offices9 records
Markets served
Tradias business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others
Revenue model
- Crypto Asset Exchange: Exchange of crypto-assets for funds and other crypto-assets. Executing client orders at displayed prices with applied spreads.
- Market Making Services: Providing liquidity to exchanges and platforms through proprietary market making operations
- OTC Trading: Over-the-counter trading services for institutional clients with customized execution
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Individual institutional agreements |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels2 records
Tradias product offering
Product offeringCore offering
Tradias is a BaFin-regulated securities trading bank that provides institutional-grade digital asset services, including over-the-counter (OTC) crypto trading, cryptocurrency market making across 150 crypto assets and 1,000 trading pairs, and tokenization of money market funds, securities, and real-world assets on the Polygon blockchain. Services are delivered via API, chat, or a proprietary trading platform and are exclusively available to professional clients and eligible counterparties under MiFID II.
Product overview
Tradias operates as a BaFin-regulated securities trading bank offering institutional-grade digital asset services through three core product modules: OTC & Principal Desk for custom OTC trading, Market Making for cryptocurrency liquidity provision across 150+ coins and 1,000 trading pairs, and Tokenization services for transforming assets into digital tokens. The company emerged from Bankhaus Scheich (founded 1985) and expanded into digital assets under the tradias brand in 2020. Tradias exclusively serves institutional clients meeting MiFID II professional client or eligible counterparty criteria.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- Coverage of 150 crypto assets and 1,000 trading pairs for market making
- +1 more outcomes
Companies that use Tradias
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles2 records
Tradias technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature4 records
Tradias partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and flagship.
- BitGo PrimecoreTradias joined BitGo Prime's institutional liquidity network as a liquidity provider, expanding global institutional access to competitive digital asset execution. The partnership connects tradias's market-making infrastructure covering over 150 cryptocurrencies to BitGo Prime's single-access aggregation platform, serving Europe's top banks and brokers.
- Boerse Stuttgart DigitalflagshipMerger planned to create fully regulated crypto infrastructure business covering brokerage, trading, custody, staking, and tokenized assets. Combined entity will span both retail cryptocurrency infrastructure (BISON app with 1M+ users) and institutional trading. Estimated valuation over $590 million post-merger, targeting H2 2026 closing pending regulatory approval.
- TaloscoreIntegration with Talos, the premier provider of institutional trading technology for digital assets, enabling regulated crypto liquidity delivery to institutional traders through Talos platform.
- WydencoreStrategic integration with Wyden, a premier provider of institutional digital asset trading technology, expanding institutional access to the digital asset ecosystem.
Scale indicators5 records
Recent moves7 records
Expansion highlights5 records
Tradias competitors and assessment
Company assessmentRegional players
- OSL: OSL is a Hong Kong-headquartered, licensed institutional digital asset platform offering brokerage, custody, and tokenization. Comparable to Tradias in regulated digital asset services and tokenization, with regional rather than European focus.
Direct peers
- Wintermute: Wintermute is one of the largest global crypto market makers and OTC liquidity providers, offering algo market making across hundreds of trading pairs and OTC execution for institutional clients. Direct competitor to Tradias in crypto market making and institutional OTC, particularly across European venues.
- B2C2: B2C2 is a leading institutional crypto OTC liquidity provider and market maker, serving banks, hedge funds, and asset managers. Directly comparable to Tradias's OTC & Principal Desk and market making business, with overlapping institutional client base.
- Cumberland (DRW): Cumberland is the crypto trading arm of DRW and one of the largest institutional crypto liquidity providers, offering OTC trading and market making across spot and derivatives. Direct peer to Tradias in institutional crypto execution.
- Flow Traders: Flow Traders is a European-headquartered global liquidity provider specializing in exchange-traded products and expanding into digital asset market making. Comparable to Tradias as a regulated European market maker, with overlapping institutional client base and ETN/ETF-related digital asset exposure.
- Galaxy Digital: Galaxy Digital is a diversified institutional digital asset firm offering trading, market making, asset management, and tokenization services. Comparable to Tradias across the institutional crypto services stack, particularly in trading and tokenization.
- Jump Crypto: Jump Crypto is the digital asset arm of Jump Trading and a major global crypto market maker and liquidity provider. Directly comparable to Tradias's market making business, with deeper scale and global reach but less European regulatory focus.
Emerging players
- FalconX: FalconX is an institutional digital asset prime brokerage offering trading, credit, and custody. Comparable to Tradias in serving institutional crypto clients with execution and liquidity, with broader prime brokerage scope.
Broad incumbents
- Kraken OTC: Kraken's institutional OTC desk provides block trading and liquidity for institutional crypto clients. Comparable to Tradias's OTC desk, with broader retail exchange business and global reach.
- Coinbase Prime: Coinbase Prime is the institutional arm of Coinbase, offering trading, custody, financing, and staking for institutional clients. Overlaps with Tradias in institutional crypto execution and custody, with much broader scale and product breadth.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Tradias social profiles
Digital presenceTradias compliance and trust
Trust signalCompliance3 records
Tradias financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tradias leadership team
Management profileNumber of profiles
Profiles8 records
Tradias subsidiaries and ownership
Company hierarchySubsidiaries2 records
Tradias funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tradias M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tradias
What does Tradias do?
Tradias is a BaFin-regulated securities trading bank that provides institutional-grade digital asset services, including over-the-counter (OTC) crypto trading, cryptocurrency market making across 150 crypto assets and 1,000 trading pairs, and tokenization of money market funds, securities, and real-world assets on the Polygon blockchain. Services are delivered via API, chat, or a proprietary trading platform and are exclusively available to professional clients and eligible counterparties under MiFID II.
Is Tradias a public or private company?
Tradias is a private company. It is classified as corporate owned and is currently operating.
When was Tradias founded?
Tradias was founded in 2020. It employs 51 to 100 people.
Where is Tradias based?
Tradias is headquartered in Frankfurt, Germany, in the Europe region.
How does Tradias make money?
Three revenue lines are on record. Crypto Asset Exchange is the primary driver. The others are market Making Services and OTC Trading.
Who are Tradias's main competitors?
OSL is listed as a regional player. Direct peers are Wintermute, B2C2, Cumberland (DRW), Flow Traders, Galaxy Digital and Jump Crypto. FalconX is listed as an emerging player. Broad incumbents are Kraken OTC and Coinbase Prime.
Does Tradias have an API?
Yes. Tradias offers API trading as one of multiple channels for trading. Clients can access institutional-grade crypto liquidity through API integration. The API enables programmatic trading access for institutional clients.
What industry is Tradias in?
Tradias's product category is Institutional Digital Asset Trading. Its primary akta.pro industry code is FSAFANAO, Digital Asset/Crypto Trade Execution Platforms. Its NAICS code is 5231 and its SIC code is 6200.