Bitvavo Once more Largest EUR-Spot Change Worldwide

 Bitvavo has as soon as once more solidified its place as the most important EUR spot alternate globally, in line with the newly revealed 2024 report by Kaiko, the famend supplier of market knowledge and analytics within the crypto sector. The report, which covers the primary 11 months of this yr, exhibits that the Amsterdam primarily based Crypto alternate accounts for half of the buying and selling quantity in euros worldwide.  

Bitvavo accounts for half the market quantity

Bitvavo achieved a market share of practically 50% in EUR-denominated buying and selling volumes, confirming its position because the main participant within the European crypto market. Bitvavo outpaced international exchanges corresponding to Kraken, Coinbase, and Binance, cementing its dominance in a market that noticed important progress in demand for euro-crypto buying and selling in 2024.

Most Euro pairs and deepest liquid EUR spot markets

Bitvavo has – because the report exhibits – the most important vary of digital property (350+) in EUR-Spot, with the deepest liquid markets of all exchanges. As well as, Bitvavo listed greater than 100 new digital property, greater than another alternate.

Mark Nuvelstijn CEO of Bitvavo is pleased with the main place the platform has within the European crypto market: “We see this efficiency as a validation of our technique. Our dedication to a strong platform, a broad choice of digital property, and aggressive buying and selling charges has helped us stay the popular selection for each retail and institutional customers in Euro-crypto markets worldwide.”

MiCA improves market alternatives

In line with Nuvelstijn, the brand new European laws present an additional tailwind. “We’ll obtain our MiCA license in 2025 (anticipated), this permits us to roll out our sturdy product-market match all through Europe. The arrival of MiCA will additional strengthen shopper confidence in Europe, in order that the market will proceed to develop. As market chief, we are going to reap the advantages of this.”

Progress in Euro crypto buying and selling

In line with Kaiko, euro buying and selling volumes surged to a powerful €50 billion in November, greater than doubling in comparison with October. BTC-EUR, the highest buying and selling pair, noticed its share of worldwide BTC-fiat quantity climb from 3.6% to almost 10%. This development displays improved regulatory readability within the EU and Bitcoin’s rising institutional adoption worldwide, which continues to draw retail- and institutional traders to Europe.

Leaving competitors behind

Along with the sturdy market progress, the report additionally underscores Bitvavo’s place in comparison with different main gamers like Kraken and Binance. Bitvavo continued to develop steadily and maintained its place as market chief with a market share of just about 50%. 

About Bitvavo

Based in 2018 in Amsterdam, Bitvavo is Europe’s main cryptocurrency buying and selling platform and the most important EUR spot alternate globally. Over 1.5 million European retail customers worth Bitvavo for its complete and user-friendly platform, the place they will purchase, promote, and retailer greater than 350 digital property at aggressive charges. Institutional merchants admire Bitvavo’s quick and dependable platform for the deep liquidity in additional than 350 digital property. Bitvavo is registered with the Dutch Central Financial institution (DNB). For extra data, go to www.bitvavo.com.

About Kaiko

Since 2014, Kaiko has been a number one supplier of market knowledge and analytics within the crypto trade. Their insights assist the event of modern indices and benchmarks, and their stories are acknowledged as important sources for market individuals worldwide.

For extra data:

Karel Zwaan

+31 6 22 39 45 00

[email protected]