Bitvavo taps Fiment to improve stock services in Europe
The partnership between Fiment and Bitvavo shows the growing importance of stock services in the cryptocurrency industry. Both entities aim to combine their knowledge and resources to open up new opportunities and enhance the overall user experience. Given Bitvavo's broad reach and proven track record in overcoming fiat infrastructure, the partnership is poised to shape the landscape of staking services in Europe.
Netherlands-based cryptocurrency exchange Bitvavo is set to strengthen its staking services across Europe through a strategic partnership with institutional staking platform Fayment.
With a user base of over 1.5 million in the Benelux region, Bitvavo will leverage Fayment's expertise and infrastructure to enhance its offering to provide its customers with enhanced winning capabilities.
Expansion of Storage Services by Fayment.
The partnership between Fiment and Bitvavo represents a strategic move to provide additional security measures and expand collection opportunities.
Bitvavo CEO Mark Nouvelstijn emphasized the importance of staying on top of the cryptocurrency landscape, recognizing that it is a valuable service for their broad user base.
Bitvavo aims to strengthen the security and reliability of its stock services by partnering with Fayment, a well-known infrastructure provider. Fayment's comprehensive market knowledge and track record position them as a valuable partner in this endeavor.
Leveraging Fiment's institutional-grade infrastructure, the Netherlands-based crypto exchange includes user assets via multiple proof-of-stake protocols, including Ethereum, Solana and the NEAR protocol.
Bitvavo's European expansion
Bitvavo's expansion into Europe has been marked by continuous improvement and regulatory compliance.
Following regulatory approval to operate in Austria, BitVavo successfully launched its service in Italy in 2022.
In addition, recent approval from France's Autorité de Marchés Financiers (AMF) has allowed Bitvavo to extend its offering to French users.
These expansions are in line with Bitvavo's commitment to providing accessible and compliant cryptocurrency services across Europe.
