- Figment’s partnership with Bitvavo highlights the growing importance of staking services in the cryptocurrency industry.
- Both companies aim to combine their expertise and resources to create new opportunities and improve the overall user experience.
- With Bitvavo’s extensive reach and Figment’s proven track record of staking infrastructure, this collaboration is poised to reshape the staking services landscape in Europe.
Netherlands-based cryptocurrency exchange Bitvavo is set to strengthen its staking services across Europe through a strategic partnership with institutional staking platform Figment.
With a user base of over 1.5 million in the Benelux region, Bitvavo aims to leverage Figment’s expertise and infrastructure to elevate its product offering by offering enhanced staking capabilities to its customers.
Expanding staking service with Figment
Figment’s partnership with Bitvavo marks a strategic move to provide additional security measures and expand staking opportunities.
Bitvavo CEO Mark Nuvelstijn emphasized the importance of staking to the cryptocurrency landscape, recognizing it as an essential service for its broad user base.
Bitvavo aims to enhance the security and reliability of staking services by collaborating with Figment, a prominent player in staking infrastructure. Figment’s comprehensive market knowledge and track record make it a valuable partner in this effort.
Leveraging Figment’s institutional-grade infrastructure, the Netherlands-based cryptocurrency exchange will hold user assets across multiple proof-of-stake protocols, including Ethereum, Solana, and the NEAR protocol.
Bitvavo expands into Europe
Bitvavo’s expansion into Europe has been marked by steady progress and regulatory compliance.
Bitvavo successfully launched its services in Italy in 2022 after receiving regulatory approval to operate in Austria.
Additionally, recent approval from France’s Autorité des Marchés Financiers (AMF) allows Bitvavo to expand its services to users in France.
This expansion is consistent with Bitvavo’s commitment to providing accessible and compliant cryptocurrency services across Europe.