Bitvavo has once again proven itself as the largest EUR spot exchange in the world. A recent report from Kaiko, a well-known provider of market data and analytics, highlights this achievement. The report covers the first 11 months of 2024 and shows that Bitvavo accounts for half of all trading volume in euros globally.

With a market share close to 50%, Bitvavo stands out in the European crypto market. It has outperformed major exchanges like Kraken, Coinbase, and Binance. This success comes as demand for euro-crypto trading has surged this year.

Bitvavo offers an impressive selection of over 350 digital assets for EUR-Spot trading. It also boasts the deepest liquidity among all exchanges. In addition, the platform has introduced more than 100 new digital assets, which is more than any other exchange.

Mark Nuvelstijn, the CEO of Bitvavo, expressed pride in the platform's leading position. He stated, “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.”

Nuvelstijn also mentioned that new European regulations are providing additional support. “We expect to receive our MiCA license in 2025. This will allow us to expand our strong product-market fit throughout Europe. The arrival of MiCA will further boost consumer confidence in Europe, which will help the market continue to grow. As the market leader, we will benefit from this.”

According to Kaiko, trading volumes in euros reached €50 billion in November, more than doubling from October. The BTC-EUR trading pair, the most popular, saw its share of global BTC-fiat volume rise from 3.6% to nearly 10%. This trend reflects clearer regulations in the EU and growing institutional interest in Bitcoin, drawing both retail and institutional investors to Europe.

The report also highlights Bitvavo’s steady growth compared to other major players like Kraken and Binance. Bitvavo has maintained its market leader status with a market share of almost 50%.

Founded in 2018 in Amsterdam, Bitvavo is Europe’s leading cryptocurrency trading platform and the largest EUR spot exchange in the world. Over 1.5 million European retail users appreciate Bitvavo for its user-friendly platform, where they can buy, sell, and store more than 350 digital assets at competitive fees. Institutional traders value Bitvavo for its fast and reliable platform, which offers deep liquidity across a wide range of digital assets. Bitvavo is registered with the Dutch Central Bank (DNB). For more information, visit Bitvavo’s website.

Since 2014, Kaiko has been a leading provider of market data and analytics in the cryptocurrency industry. Their insights support the development of innovative indices and benchmarks, and their reports are essential resources for market participants worldwide.