Bitvavo, a cryptocurrency exchange based in Amsterdam, has partnered with Figment, a leading provider of staking infrastructure, in order to enhance its staking services across multiple networks. Figment will provide staking infrastructure for Bitvavo, allowing the exchange to offer staking services on networks such as Ethereum, Solana, and NEAR. With over 1.5 million users and access to over 250 crypto assets, Bitvavo is a market leader in Europe. The collaboration between Bitvavo and Figment is expected to reshape the landscape of staking services in the region.
Clients of Bitvavo will benefit from Figment’s engineering and protocol expertise, earning consistent staking rewards through their “Safety Over Liveness” approach. Figment’s infrastructure is backed by certifications such as SOC 2 Type I and ISO 27001, providing added security and peace of mind for users. Mark Nuvelstijn, CEO of Bitvavo, emphasized the importance of staking in the cryptocurrency industry and expressed the exchange’s commitment to offering this service to its customers through partnerships with trusted providers like Figment.
By collaborating with Figment, Bitvavo is able to offer increased security and safety around staking while expanding its service offerings. Nuvelstijn highlighted the growing significance of staking for Bitvavo’s customer base and praised Figment for their expertise. Eva Lawrence, Head of EMEA at Figment, also expressed enthusiasm about complementing Bitvavo’s staking service with Figment’s infrastructure. The partnership between Bitvavo and Figment represents an expansion and diversification of Bitvavo’s staking service providers, showcasing the exchange’s commitment to continuous improvement.
Bitvavo has been strategically expanding its presence in Europe, taking advantage of the continent’s favorable regulatory environment. With the implementation of the Markets in Crypto Assets (MiCA) regulation in Europe, the region has become an attractive destination for global investors in the cryptocurrency space. Bitvavo obtained regulatory approval from France‘s Autorité des Marchés Financiers in November 2023, enabling the exchange to offer its services to French users. The exchange has also entered the Austrian market and is actively pursuing registration applications in other key European markets.
Mark Nuvelstigen expressed confidence in Europe’s potential to drive global crypto adoption, pointing to the region’s unified licensing framework as a key factor in facilitating seamless operations across multiple European countries. Recent studies have shown a growing interest in digital assets among French citizens, with crypto assets making up 9% of investment portfolios in France. This data highlights the growing popularity of cryptocurrency in Europe and sets the stage for continued growth and adoption in the region. The strategic partnership between Bitvavo and Figment positions Bitvavo as a key player in the European cryptocurrency market, with a focus on providing secure and innovative staking services to its customers.
