Bitvavo, the largest EUR spot exchange globally based in Amsterdam, recently announced a strategic partnership with Figment, a leading provider of staking infrastructure. Through this collaboration, Bitvavo will utilize Figment’s institutional-grade infrastructure to enhance its staking services and offer new features to its users. With the combined expertise of both entities, the landscape of staking services in Europe is expected to undergo a significant transformation. The goal is to offer staking services across multiple networks, including popular ones like Ethereum (ETH), Solana (SOL), and NEAR.
Figment, a recipient of investments from industry giants like Galaxy Digital, will provide staking infrastructure for Bitvavo to enable services on various networks. Bitvavo, known for its extensive reach and access to over 250 crypto assets with approximately 1.5 million users, stands out as a market leader in Europe. The exchange is registered with the Dutch Central Bank, ensuring a secure trading environment under stringent regulatory oversight. Key features of the protocol staking service include access to staking rewards on new networks, dedicated validator nodes for improved performance, and advanced reporting capabilities for transparency.
Customers of Bitvavo will benefit from Figment’s engineering expertise and consistent staking rewards through their “Safety Over Liveness” approach. The partnership aims to enhance security and safety around staking while expanding service offerings for Bitvavo’s growing customer base. Collaborating with Figment allows Bitvavo to diversify its pool of staking service providers and leverage Figment’s market-leading expertise in staking infrastructure, alongside existing partners like Coinbase, Copper, and Kiln. The CEO of Bitvavo, Mark Nuvelstijn, highlighted the importance of staking services within the crypto industry, emphasizing the role it plays in serving their extensive customer base.
As part of its strategic expansion in Europe, Bitvavo is targeting the favorable regulatory environment in the region. With the implementation of the Markets in Crypto Assets (MiCA) regulation, Europe has become an attractive destination for global investors seeking streamlined licensing procedures and enhanced stakeholder protection. Bitvavo recently obtained regulatory approval from France’s Autorité des Marchés Financiers, allowing the exchange to launch services for French users. This move followed successful market entries in Austria and Italy, reflecting Bitvavo’s growing presence in key European markets. CEO Mark Nuvelstijn expressed optimism about Europe’s potential to drive global crypto adoption, citing the region’s unified licensing framework that facilitates seamless operations across multiple countries.
Overall, the collaboration between Bitvavo and Figment signifies a strategic alignment to enhance staking services and strengthen security measures while expanding market access and service offerings in a rapidly evolving cryptocurrency landscape. Through this partnership, both entities aim to deliver a seamless and secure staking experience for users across various networks, positioning themselves as leaders in the European market and contributing to the continued growth and adoption of cryptocurrencies in the region.
