From theblock

Amsterdam, December 11, 2024 – Bitvavo has once again solidified its position as the largest EUR spot exchange globally, according to the newly published 2024 report 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.  

Bitvavo accounts for half the market volume

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.

Most Euro pairs and deepest liquid EUR spot markets.

Bitvavo has - as the report shows - the largest range of digital assets (350+) 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.

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.”

MiCA improves market opportunities

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.”

Growth in Euro crypto trading