Bitvavo outpaces Kraken as biggest EUR spot exchange

• In 2023, Bitvavo asserted the highest cumulative euro volume
• EUR spot market share has increased to 50.5% in December 2023
• Bitvavo recently introduced new fees for high volume traders

Bitvavo has established itself as the preferred market for EUR spot volumes in the cryptocurrency exchange landscape, according to data from crypto research firm Kaiko. In 2023, Bitvavo asserted the highest cumulative euro volumes, exceeding €34bn, while Kraken closely followed with €25bn. 

“We are proud of being the go-to market for EUR spot volumes. In December, Bitvavo secured the largest market share, comprising 50.5% of the total trading volumes.  This reflects our position at the forefront of digital asset trading”, said Mark Nuvelstijn, CEO of Bitvavo.

Among the numerous platforms providing euro-denominated trading, only a select few see substantial trading volume. Together, Bitvavo, Kraken, Coinbase, Bitstamp, and Binance make up over 98% of the volume traded in euros.

Bitvavo introduced 0% maker and 0.02% taker fees 

Bitvavo, established in 2018, is registered with the central bank of The Netherlands, De Nederlandsche Bank. With around 1.5 million satisfied customers in Europe, the European exchange is known for its user-friendly and accessible platform, offering access to over 200 digital assets and competitive trading fees.  

Recently, Bitvavo introduced a fee structure that includes 0% maker fees and 0.02% taker fees for BTC and ETH trading, intending to extend these competitive rates to more trading pairs in the future. “With its combination of deep liquidity and security, Bitvavo is positioned as a platform that attracts traders thanks to its pricing approach”, said Nuvelstijn. 

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