EU-expansion: Bitvavo gains regulatory approval in France

• Bitvavo received registration approval as a Digital Asset Service Provider from the French AMF
• Earlier this month, Bitvavo secured approval from Austrian regulators
• The launch in France is part of Bitvavo’s ambition to become the leading crypto exchange in Europe

Bitvavo successfully received registration approval as a Digital Asset Service Provider (DASP) from the French Autorité des marchés financiers (AMF), allowing Bitvavo to offer crypto products and services in the French market.

"Securing registration with the French AMF marks a pivotal moment for us. We are excited about bringing our consumer-focused offering to the French market”, said Mark Nuvelstijn, CEO of Bitvavo. France is a very interesting market opportunity for Bitvavo: A recent AMF survey on the investing behavior of French people showed that more French people own crypto (9%) than stocks (7%) or ETFs (2%).

Next milestone in Bitvavo’s expansion plans  

“The launch in France is part of our ambition to become the leading crypto exchange in Europe. Our nearly 1.5 million European users value us as their go-to trusted and secure platform for crypto trading and investing. French customers can now start their crypto journey with us”, adds Nuvelstijn.

Securing regulatory approval in France represents another milestone in Bitvavo's strategic expansion plans across Europe. Bitvavo secured a registration in Austria in November this year and received approval from the Italian supervisor in 2022. Bitvavo has also filed registration applications in other major markets.

“We anticipate that the factors contributing to our market leadership in the Netherlands will similarly appeal to the French audience. Bitvavo is a compliance-led European crypto exchange, offering competitive and transparent transaction fees, ranging from 0.03% to 0.25%, offering more than 200 digital assets on an easy to use platform. This combination is unique in Europe”, said Nuvelstijn. 

For further information about this topic or about Bitvavo in general, please reach out to [email protected].