Exchange Union

<p><strong>Bitvavo has once again solidified its position as the largest EUR spot exchange globally, according to the <a href="https://25446524.fs1.hubspotusercontent-eu1.net/hubfs/25446524/The_State_of_the_European_crypto_market.pdf" rel="noopener noreferrer nofollow">newly published 2024 report </a>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.</strong></p><h2 id="header-0">Bitvavo accounts for half the market volume</h2><p>Bitvavo achieved a market share of nearly 50% in EUR-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.</p><h2 id="header-1">Most Euro pairs and deepest liquid EUR spot markets.</h2><p>Bitvavo has - as the report shows - the largest range of digital assets (350&#43;) in EUR-Spot, with the deepest liquid markets of all exchanges. In addition, Bitvavo listed more than 100 new digital assets, more than any other exchange.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf5DxokpbHWP1wDQ5mKSOBnG3PCCN9YEgPK40hdfWc5yrmy8xLikdTn_DhX0NArAG0xqtZYDo8nP8-QOWbG5b46yIlGJvcEz-fbzehD-EycQS4ELpVezzWH3N_cM3pWAy4m7C9pf9QggioQS51svg?key&#61;NSHX_781eJgRbRUaB8CIsmYN" /></p><p>Mark Nuvelstijn CEO of Bitvavo is proud of the leading position the platform has in the European crypto market: “We see this performance as a validation of our strategy. Our commitment to a powerful platform, a broad selection of digital assets, and competitive trading fees has helped us remain the preferred choice for both retail and institutional users in Euro-crypto markets worldwide.”</p><h2 id="header-2">MiCA improves market opportunities</h2><p>According to Nuvelstijn, the new European regulations provide an extra tailwind. “We will receive our MiCA license in 2025 (expected), this enables us to roll out our strong product-market fit throughout Europe. The arrival of MiCA will further strengthen consumer confidence in Europe, so that the market will continue to grow. As market leader, we will reap the benefits of this.”</p><h2 id="header-3">Growth in Euro crypto trading</h2><p>According to Kaiko, euro trading volumes surged to an impressive €50 billion 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.</p><h2 id="header-4">Leaving competition behind</h2><p>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%.</p><h2 id="header-5">About Bitvavo</h2><p>Founded in 2018 in Amsterdam, <a href="https://bitvavo.com/en" rel="noopener noreferrer nofollow">Bitvavo</a> is Europe’s leading <a href="https://thenewscrypto.com/tag/cryptocurrency/" rel="noopener noreferrer nofollow">cryptocurrency </a>trading platform and the largest EUR spot 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 for the deep liquidity in more than 350 digital assets. Bitvavo is registered with the Dutch Central Bank (DNB). For more information, visit www.bitvavo.com.</p><h2 id="header-6">About Kaiko</h2><p>Since 2014, <a href="https://www.kaiko.com/" rel="noopener noreferrer nofollow">Kaiko</a> 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.</p><p>For more information:</p><ul><li>Karel Zwaan</li><li>&#43;31 6 22 39 45 00</li><li>press&#64;bitvavo.com</li></ul><p><strong>Disclaimer</strong>: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.</p>

Bitvavo Again Largest EUR-Spot Exchange Worldwide

Table of Contents

TheNewsCrypto

Other articles published on Dec 13, 2024

Why Are Cardano and Polkadot Investors Rotating Funds Into This New Cross-Chain Protocol?

New Polygon-Based Meme Coin Poised to Overtake SHIB and PEPE With a Stunning 16,900% Rally!

Zeus Network Validates First Bitcoin Transaction on Solana

India Blockchain Week 2024 Conference Reveals Remarkable Web3 Ecosystem Growth

Chainlink’s Record Open Interest and $29 Breakout Signal a Strong Bullish Trend

Crypto Coins That Offer the Cheapest Transaction Fee in 2024

Join our free newsletter for daily crypto updates!