Bitvavo, the Amsterdam-based cryptocurrency exchange, has announced on May 1 a strategic collaboration with Figment, aiming to capitalize on Figment’s staking infrastructure to enhance its staking services. As a significant player in the European crypto market, Bitvavo facilitates access to over 250 crypto assets and boasts a user base of more than 1.5 million. This partnership with Figment is set to expand their services further, integrating staking rewards and tightened security across multiple prominent blockchain networks, including Ethereum (ETH), Solana (SOL), and NEAR.
Staking has become an integral aspect of the cryptocurrency ecosystem, providing token holders with a method to earn rewards through participating in network security and consensus mechanisms. Recognizing its importance, the collaboration is designed to improve users’ access to staking within Europe’s regulated trading environment. Bitvavo ensures robust security measures and is registered with the Dutch Central Bank, affording users a secure trading environment backed by regulatory oversight.
Mark Nuvelstijn, CEO of Bitvavo, highlighted the exchange’s commitment to diversifying their pool of staking service providers and offering staking services to customers through the partnership with Figment. This union is aimed at bolstering the staking offerings in Europe and will introduce features like dedicated validator nodes, sophisticated reporting capabilities, and the opportunity to earn staking rewards from new networks.
Complementing Bitvavo’s staking infrastructure, Eva Lawrence, Head of EMEA at Figment, expressed her excitement about the collaboration, lauding Bitvavo for its rapid implementation and innovative approach toward rolling out new network offerings. This partnership exemplifies a cohesive effort to enhance the European staking landscape, which is increasingly becoming attractive to global investors.
Strategic expansions in Europe have seen Bitvavo securing regulatory approval in France, breaking ground in the Austrian market, and eyeing further expansion into other key European territories. The exchange aims at emphasizing cryptocurrency adoption across Europe. Europe’s regulatory framework, particularly the Markets in Crypto Assets (MiCA) regulation, is sketching a conducive environment for crypto businesses by providing streamlined licensing processes and protective measures for stakeholders.
With the crypto landscape constantly evolving, strategic partnerships such as the one between Bitvavo and Figment are key to fostering the growth and adoption of cryptocurrency throughout Europe. Through this collaboration, both platforms are set to offer an enhanced experience to users looking to leverage the benefits of staking within a secure and regulated framework.
