Bitvavo Boosts Staking Services with Figment Partnership

As an experienced financial analyst, I’m excited about this partnership between Bitvavo and Figment. The collaboration will undoubtedly boost efficiency in cryptocurrency staking offerings and provide Bitvavo users with more incentives to earn through staking.

On Wednessday, May 1st, the collaboration between Bitvavo, a well-known cryptocurrency trading platform, and Figment, a leading staking infrastructure provider, was announced. The goal of this partnership is to enhance the efficiency of staking processes and expand the range of cryptocurrencies available for staking on Bitvavo.

Figment offers Bitvavo users a staking platform, which in turn brings about genuine rewards. The security of Figment’s infrastructure is paramount, and the company consistently holds certifications such as SOC 2 Type I and ISO 27001, issued by reputable organizations, to ensure top-notch security standards.

As a crypto investor, I’m thrilled to share some exciting news with you all. Figment is proud to partner with Bitvavo, a leading European digital assets exchange, to enhance their staking services for Ethereum (ETH), Solana (SOL), and Near Protocol (NEAR). Bitvavo’s clients can now benefit from Figment’s robust and reliable staking infrastructure. This collaboration marks an essential step forward in providing better staking solutions and further strengthening our commitment to the crypto community. For more details, be sure to check out the full announcement on our website. đź”—[Link] #Figment #Bitvavo #Staking #CryptoPartnership— Figment (@Figment_io) May 1, 2024

Through this collaboration, Bitvavo’s staking service offerings are validated, expanding upon the foundations established with Coinbase, Copper, and Kiln. According to Bitvavo CEO Mark Nuvelstijn, the importance of staking in the exchange sector has grown substantially. He is thrilled to reveal that Figment will significantly strengthen our existing security measures.

In addition to announcing our staking collaboration, there’s been buzz about Bitvavo’s European growth strategy. Leveraging Europe’s regulatory shifts, particularly the potential implementation of MiCA regulations, has made the region an attractive hub for cryptocurrency trading businesses.

As a researcher investigating the European crypto market, I can tell you that MiCA (Markets in Crypto-Assets) sets out the registration and licensing protocols, ensuring investor security and making Europe an appealing location for crypto businesses. Bitvavo, specifically, has secured regulatory approval in France and Austria, with plans underway to obtain additional certifications in significant European markets.

Figment, a collaboration partner of ours, will help improve our staking offerings, bringing added value to our crypto market clients.

Read More

2024-05-02 04:52