The station opened in 1882 and was originally named Börse (stock exchange) and then Marx-Engels-Platz during the GDR era.

In 1992 it received the name Hackescher Markt from the adjacent square.

Following the demolition of the Lehrter Stadtbahnhof (architecturally similar and previously listed), with Bellevue it is now one of only two Stadtbahn stations preserved in their original condition.

As well as its rail connections, the station is also served by four tram lines, two of which run continuously.

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