Bitvavo taps Figment to enhance staking services in Europe

• The partnership between Figment and Bitvavo underscores the growing significance of staking services in the cryptocurrency industry.
• Both entities aim to unlock new opportunities and enhance the overall user experience by combining their expertise and resources.
• With Bitvavo’s expansive reach and Figment’s proven track record in staking infrastructure, the collaboration is poised to reshape the landscape of staking services in Europe.

Netherlands-based cryptocurrency exchange Bitvavo is set to bolster its staking services across Europe through a strategic partnership with institutional staking platform Figment.

With a user base exceeding 1.5 million in the Benelux region, Bitvavo aims to elevate its offerings, tapping into Figment’s expertise and infrastructure to provide enhanced staking capabilities to its customers.

Expanding staking services with Figment

The partnership between Figment and Bitvavo signifies a strategic move towards offering additional security measures and expanding staking opportunities.

Bitvavo CEO Mark Nuvelstijn underscored the importance of staking in the cryptocurrency landscape, recognizing it as a vital service for their vast user base.

By collaborating with Figment, a prominent player in staking infrastructure, Bitvavo aims to fortify the security and reliability of its staking services. Figment’s comprehensive market knowledge and track record position them as a valuable partner in this endeavour.

Leveraging Figment’s institutional-grade infrastructure, the Dutch-based crypto exchange will stake user assets across multiple proof-of-stake protocols, including Ethereum, Solana, and NEAR Protocol.

Bitvavo’s European expansion

Bitvavo’s expansion into Europe has been marked by steady progress and regulatory compliance.

Following regulatory approval to operate in Austria, Bitvavo successfully launched its services in Italy in 2022.

In addition, the recent approval from France’s Autorité des Marchés Financiers (AMF) enabled Bitvavo to extend its offerings to French users.

These expansions align with Bitvavo’s commitment to providing accessible and compliant cryptocurrency services across Europe.