Bitvavo faucets Figment to boost staking providers in Europe

• The partnership between Figment and Bitvavo underscores the rising significance of staking providers within the cryptocurrency business.
• Each entities goal to unlock new alternatives and improve the general consumer expertise by combining their experience and assets.
• With Bitvavo’s expansive attain and Figment’s confirmed monitor report in staking infrastructure, the collaboration is poised to reshape the panorama of staking providers in Europe.

Netherlands-based cryptocurrency change Bitvavo is ready to bolster its staking providers throughout Europe by a strategic partnership with institutional staking platform Figment.

With a consumer base exceeding 1.5 million within the Benelux area, Bitvavo goals to raise its choices, tapping into Figment’s experience and infrastructure to offer enhanced staking capabilities to its clients.

Increasing staking providers with Figment

The partnership between Figment and Bitvavo signifies a strategic transfer in the direction of providing further safety measures and increasing staking alternatives.

Bitvavo CEO Mark Nuvelstijn underscored the significance of staking within the cryptocurrency panorama, recognizing it as a significant service for his or her huge consumer base.

By collaborating with Figment, a distinguished participant in staking infrastructure, Bitvavo goals to fortify the safety and reliability of its staking providers. Figment’s complete market data and monitor report place them as a beneficial companion on this endeavour.

Leveraging Figment’s institutional-grade infrastructure, the Dutch-based crypto change will stake consumer belongings throughout a number of proof-of-stake protocols, together with Ethereum, Solana, and NEAR Protocol.

Bitvavo’s European growth

Bitvavo’s growth into Europe has been marked by regular progress and regulatory compliance.

Following regulatory approval to function in Austria, Bitvavo efficiently launched its providers in Italy in 2022.

As well as, the latest approval from France’s Autorité des Marchés Financiers (AMF) enabled Bitvavo to increase its choices to French customers.

These expansions align with Bitvavo’s dedication to offering accessible and compliant cryptocurrency providers throughout Europe.