Bitcoin Breakout Puts Crypto Exchange Stocks Back On Retail Investors Radar

Bitcoin’s surge above $85,000 has pulled crypto-linked stocks back into the spotlight, and momentum traders are paying close attention. When a single asset becomes the story of the week, related shares can move quickly as sentiment, flows, and algorithms react in real time. This piece walks through 3 stocks from our Publicly Listed Crypto Exchanges & Brokerage Platforms screener that appear especially exposed to the latest crypto upswing.

The three stocks highlighted below are only a small sample of what is on offer, with the full screen surfacing 14 more publicly listed crypto exchanges and brokerage platforms that carry similarly detailed stories around their business models and risk profiles. To identify your own highest conviction ideas in this space, head straight into the Publicly Listed Crypto Exchanges & Brokerage Platforms screener and use it to filter, analyze, and focus on the platforms that best match your approach.

flatexDEGIRO (XTRA:FTK)

flatexDEGIRO is one of the more interesting entries in this trading platform screen, since it already runs a large European online brokerage and has clear scope to lean further into digital assets as customer demand for crypto access through mainstream brokers builds.

flatexDEGIRO runs a pan-European online brokerage that covers stocks, funds, ETFs, crypto and securities services, with most income split between DEGIRO on €360.5 million and Flatex on €343.7 million, and the stock valued by the market at about €3.2b.

"The ongoing and planned introduction of new products such as crypto trading and securities lending (with regulatory and technical groundwork already complete for imminent rollout to major markets) paves the way for material product diversification, expanding revenue streams and supporting higher net margins and recurring revenues in the medium term."

What could significantly influence flatexDEGIRO’s earnings path is how one underappreciated pressure shapes the balance between fee income and capital intensity.

That tension is exactly what sits at the heart of the full narrative for flatexDEGIRO, where capital demands, fee pressure and the crypto option chain are pulled apart.

Sharplink (SBET)

Sharplink runs an institutional Ethereum treasury platform that fits squarely into the crypto exchange and brokerage ecosystem, with a focus on ETH custody, staking and yield. Most income comes from ETH Treasury Management at about $48 million, with Affiliate Marketing adding roughly $2 million, and the stock valued near $2.0b.

Sharplink gives you direct exposure to Ethereum treasury activity rather than spot trading volume, with ETH-focused operations generating the bulk of revenue and positioning the business as a pure play on institutional crypto adoption. That tight link to digital asset valuations can be attractive or unforgiving depending on how one unseen pressure plays out.

That hidden driver is exactly what you can unpack in the analysis report for Sharplink, where Sharplink’s Ethereum exposure, treasury flows and fee model are analyzed in detail.

Singapore Exchange (SGX:S68)

Singapore Exchange gives you exposure to a large, multi-asset trading venue that fits this screen as an exchange operator building out crypto-related derivatives on top of an established franchise in cash equities, derivatives, fixed income and FX.

Singapore Exchange runs integrated securities and derivatives markets, earning around SGD508 million from Equities Cash, SGD375 million from Equities Derivatives, SGD412 million from Fixed Income, Currencies and Commodities, and SGD265 million from Platform and Others, with the stock valued at roughly SGD23.7b.

Investors looking for crypto-adjacent exposure through a regulated hub may see Singapore Exchange as a way to tap rising digital asset interest without leaving the comfort of a broad, institutional trading platform.

"The exchange's multi-asset strategy, expanding into FX, commodities, and new innovative products like crypto perpetual futures and tailored index products, reduces its reliance on traditional equities and positions SGX to capture demand from Asia's growing wealth and the diversification needs of global investors, supporting both revenue and EBITDA growth."

What really shapes where this goes next is how one unresolved shift in institutional risk appetite filters through to pricing, volumes and margins.

If that shift is what you care about, read the full narrative for Singapore Exchange to see how institutional risk appetite could accelerate or stall Singapore Exchange’s crypto ambitions.

Seeking Alternatives Beyond Crypto Momentum

Fresh ideas move fast. Breakout themes, flying under the radar for now, can be caught before momentum crowds in and prices start dropping. Scan new angles and get in early.

• Chase cash flow stability and yield resilience by scanning 159 dividend fortresses that prioritize strong payouts while the market focus shifts between crypto activity and short term trading noise.
• Look for early leaders in AI infrastructure using the 88 AI infrastructure stocks to identify businesses involved in the hardware and data backbone before broader market attention changes pricing.
• Seek future oriented materials exposure with the 36 best rare earth metal stocks and monitor producers that could be affected by demand trends related to advanced chips and electrification.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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