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Bitvavo has as soon as once more consolidated its place because the world's largest euro spot trade, based on a brand new 2024 report from Kaiko, a famend supplier of market information and evaluation within the crypto sector. The report covers the primary 11 months of this 12 months and reveals that the Amsterdam-based crypto trade accounts for half of the euro-denominated buying and selling quantity worldwide.
Bitvavo accounts for half of the market quantity
Bitvavo achieved a market share of almost 50% in euro-denominated buying and selling quantity, confirming its main position within the European crypto market. Bitvavo has outperformed international exchanges akin to Kraken, Coinbase and Binance, strengthening its dominance in a market the place demand for euro and crypto buying and selling will enhance considerably in 2024.
Most euro pairs and most liquid euro spot market
Because the report reveals, Bitvavo holds the most important variety of digital belongings in EUR spot (over 350) and has the deepest liquidity market of all exchanges. Moreover, Bitvavo has listed over 100 new digital belongings, greater than some other trade.
Mark Nuvelstijn, CEO of Bitvavo, is pleased with the platform's main place within the European cryptocurrency market. Our dedication to a powerful platform, vast collection of digital belongings, and aggressive buying and selling charges has enabled us to stay the popular alternative for each particular person and institutional customers within the Eurocrypto market worldwide. ”
MiCA improves market alternatives
In response to Nuvelstijn, new rules in Europe are an extra enhance. “We plan to acquire the MiCA license in 2025 (deliberate), which is able to allow us to increase our sturdy product-market match throughout Europe. Because the market chief, we are going to proceed to learn from this.”
Progress of euro digital forex buying and selling
In response to Kaitaka, euro buying and selling quantity soared to a staggering 50 billion euros in November, greater than double the quantity in October. The highest buying and selling pair, BTC-EUR, elevated its share of worldwide BTC-fiat buying and selling quantity from 3.6% to almost 10%. This pattern displays elevated regulatory readability within the EU and rising institutional adoption of Bitcoin all over the world, which continues to draw retail and institutional buyers to Europe. I’m.
depart the competitors behind
Along with the sturdy progress of the market, the report additionally highlights Bitvavo's place in comparison with different main gamers akin to Kraken and Binance. Bitvavo continued its regular progress and maintained its place as market chief with nearly 50% market share.
About BitBabo
Based in Amsterdam in 2018, Bitvavo is Europe's main crypto buying and selling platform and the world's largest euro spot trade. Greater than 1.5 million retail customers in Europe worth Bitvavo's complete and easy-to-use platform, permitting them to purchase, promote and retailer over 350 digital belongings at aggressive charges. Institutional merchants worth Bitvavo's quick and dependable platform, which offers deep liquidity for over 350 digital belongings. Bitvavo is registered with the Dutch Central Financial institution (DNB). For extra data, please go to www.bitvavo.com.
About opening peak
Since 2014, Kaiko has been a number one supplier of market information and evaluation within the crypto trade. Their insights help the event of modern indices and benchmarks, and their experiences are acknowledged as important sources for market individuals all over the world.
For extra data:
Karel Zwaan
+31 6 22 39 45 00
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