Bitvavo partners with Figment for better staking services

Dutch crypto exchange Bitvavo has partnered with renowned staking platform Figment to improve its cryptocurrency staking offering.

Figment provides infrastructure for multiple networks

In a recent blog post, Figment announced that it will provide Bitvavo with the necessary infrastructure to facilitate staking services on multiple Proof-of-Stake (PoS) protocols. This includes major blockchains such as Ethereum and Solana. This partnership marks an expansion of Bitvavo’s staking service providers, which also includes household names such as Coinbase.

The partnership will introduce dedicated validator nodes for Bitvavo, ensuring high-quality network performance and robust security measures. Bitvavo’s partnership with Figment is part of its broader strategy to expand its presence in Europe.

Following successful registrations with financial authorities in France and Austria, and an earlier expansion into Italy, Bitvavo continues to adhere to strict regulatory standards, ensuring a safe trading environment for more than 1.5 million users across the continent.

Future prospects and innovation

Going forward, this partnership not only expands Bitvavo’s service offering, but also positions the exchange to benefit from Europe’s favorable regulations for crypto. With Europe’s Markets in Crypto-Assets (MiCA) framework set to streamline licensing procedures across the continent, Bitvavo is well prepared to support the widespread adoption of cryptocurrency services.

Bitvavo in Figment

Founded in Amsterdam in 2018, Bitvavo is known as the largest EUR spot exchange in the world, with a broad user base of over 1.5 million across Europe. Figment, on the other hand, offers a comprehensive suite of staking services to more than 500 institutional clients, further cementing its reputation as a leading provider in the staking industry.

The collaboration between Bitvavo and Figment represents an important step in the evolution of cryptocurrency staking services. It promises improved security, accessibility and alignment with the evolving European regulatory landscape.