The Good Tech Companies - Bitvavo Ranked as the Top EUR spot Exchange by Kaiko, 2024

Episode Date: December 16, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/bitvavo-ranked-as-the-top-eur-spot-exchange-by-kaiko-2024. Bitvavo has once again solidified its position as the largest EUR spot exchange globally, according to the newly published 2024 report by Kaiko Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #bitvavo, #btcwire, #press-release, #blockchain-development, #what-is-mica, #crypto-exchange, #good-company, and more. This story was written by: @btcwire. Learn more about this writer by checking @btcwire's about page, and for more stories, please visit hackernoon.com. Amsterdam, December, 2024 – Bitvavo has once again solidified its position as the largest EUR spot exchange globally, according to the newly published 2024 report by Kaiko, the renowned provider of market data and analytics in the crypto sector. The report, which covers the first 11 months of this year, shows that the Amsterdam-based Crypto exchange accounts for half of the trading volume in euros worldwide.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Bitvavo ranked as the top Eurospot exchange by Keiko, 2024, by BTC Wire. Amsterdam, December, 2024 Bitvavo has once again solidified its position as the largest Eurospot exchange globally, according to the newly published 2024 report by Keiko, the renowned provider of market data and analytics in the crypto sector. The report, which covers the first 11 months of this year, shows that the Amsterdam-based crypto exchange accounts for half of the trading volume in euros worldwide. Bitvavo accounts for half the market volume Bitvavo achieved a market share of nearly 50%

in year-denominated trading volumes, confirming its role as the leading player in the European crypto market. Bitvavo outpaced global exchanges such as Kraken, Coinbase, and Binance, cementing its dominance in a market that saw significant growth in demand for Euro-crypto trading in 2024. Most Euro pairs and deepest liquid Euro spot markets. Bitvavo has, as the report shows, the largest range of digital assets 350 plus in Eurospot, with the deepest liquid markets of all exchanges. In addition, Bitvavo listed more than 100 new digital assets, more than any other exchange. Mark Neuvelstein, CEO of Bitvavo is proud of the leading position the platform has seen the European crypto market greater than.

We see this performance as a validation of our strategy. Our commitment to a greater than powerful platform, a broad selection of digital assets, and competitive greater than trading fees has helped us remain the preferred choice for both retail and greater than institutional users in euro crypto markets worldwide. MICA improves market OP opportunities according to Neuvelstein, the new European regulations provide an extra tailwind. Greater than. We will receive our MICA license in 2025, expected. This enables us to roll greater than out our strong product market fit throughout Europe. The arrival of MICA will greater than further strengthen consumer confidence in Europe, so that the market will greater than continue to grow. As market leader, we will reap the benefits of this. Growth in Euro crypto trading According to Keiko, Euro trading volumes surged to an impressive 50 billion euros in

November, more than doubling compared to October. BTC-EUR, the top trading pair, saw its share of global BTC fiat volume climb from 3.6% to nearly 10%. This trend reflects improved regulatory clarity in the EU and Bitcoin's growing institutional adoption worldwide, which continues to attract retail and institutional investors to Europe. Leaving competition behind in addition to the robust market growth, the report also underscores Bitvavo's position compared to other major players like Kraken and Binance. Bitvavo continued to grow steadily and maintained its position as market leader with a market share of almost 50%. About Bitvavo Founded in 2018 in Amsterdam, Bitvavo is Europe's leading cryptocurrency trading platform and the largest Eurospot

exchange globally. Over 1.5 million European retail users value Bitvavo for its comprehensive and user-friendly platform, where they can buy, sell, and store more than 350 digital assets at competitive fees. Institutional traders appreciate Bitvavo's fast and reliable platform Forth Deep Liquidity in more than 350 digital assets. Bitvavo is registered with the Dutch central bank, DNB. For more information, visit www.bitvavo.com. About Kyco Since 2014, Kyco has been a leading provider of market data and analytics in the crypto industry. Their insights support the development of innovative indices and benchmarks,

and their reports are recognized as essential resources for market participants worldwide. For more information, Carol Zwan plus 316-22-39-45-00 press at bidvavo.com. Tip This story was distributed as a release by BTC Wire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this Hackernoon story, read by Artificial Intelligence. Visit hackernoon.com to read, write, learn and publish.