Bitvavo partners with Figment to expand staking services

Bitvavo is pleased to announce its partnership with institutional staking platform Figment. Bitvavo, one of the leading cryptocurrency exchanges in Europe, is now utilizing Figment’s institutional-grade infrastructure with their offered staking services to its customers. 

“Bitvavo is reviewing and enhancing its products and services on a continuous basis. We see staking as an integral part of the crypto industry and are happy to continue offering this service to our customers with Figment as one of our valued and trusted partners. Working with Figment allows us to offer additional security and safety around staking and to expand our offering”, said Mark Nuvelstijn, CEO at Bitvavo. 

Safety and security are top priorities

Bitvavo will employ the infrastructure of Figment to stake a range of coins on behalf of its users across multiple networks, including ETH, SOL, and NEAR. Bitvavo and Figment share a philosophy of safety and security being top priorities and will continue to prioritize this for the exchanges’ customers. 

“We look forward to continuing to complement Bitvavo's staking service with our institutional-grade infrastructure. We have been working with the team for 6 months now and have been extremely impressed with their speed and innovation around new network offerings. We look forward to continuing to strengthen this relationship as well as bringing staking to Bitvavo’s users across Europe”, said Eva Lawrence, Head of EMEA at Figment.

Key features of protocol staking 

Some key features of the partnership include dedicated validator nodes for Bitvavo to ensure enhanced network performance and security, as well as advanced reporting capabilities for improved oversight and transparency. Besides that, Bitvavo’s customers benefit from Figment’s engineering and protocol expertise to earn consistent staking rewards via Figment’s "Safety Over Liveness" approach. 

“Figment is one of the staking infrastructure leaders in the market and we continue to be impressed by their staking- and up-to-date market knowledge. We look forward to continuing this successful partnership”, stated Mark Nuvelstijn. 

For more information, please contact us at [email protected].