Bitvavo has received approval from the Bank of Spain to register as a Virtual Asset Service Provider. This allows Bitvavo to offer crypto products and services in the Spanish market. Spain has made significant progress in developing its crypto industry in recent years, pushing forward the implementation of MiCA and promoting the widespread adoption of crypto payments. In the 2023 Global Crypto Adoption Index by Chainalysis, Spain ranks twenty-second, indicating there is still room for further growth.
What are Bitvavo’s ambitions in Europe?
In November 2023 and January 2024, Bitvavo received legal approvals from authorities in Austria and France. The recent approval in Spain aligns with their goal of establishing themselves as a market leader in Europe.
Mark Nuvelstijn, CEO of Bitvavo, states;
“Obtaining approval in Spain reinforces our commitment to becoming the leading crypto trading platform in Europe. We are excited to introduce our services to the Spanish market.”
What sets Bitvavo apart in the Spanish and European markets?
Bitvavo expects that the factors contributing to their market leadership in the Netherlands will also be attractive to the Spanish audience. Bitvavo is a crypto exchange with competitive and transparent transaction fees, offering more than 275 digital currencies on a user-friendly platform. Their team continuously improves and adapts their product based on community feedback and market trends. As the exchange held itself together during last crypto winter, we can expect good things coming out this new strategic move. Learn more about Bitvavo and how to use it here!
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