Bitvavo gains regulatory approval in Austria

Bitvavo24 ene 2024

Bitvavo received registration approval as a Virtual Asset Service Provider with the Austrian Financial Market Authority
Unique combination of product offering
Registration is part of Bitvavo’s European expansion

Bitvavo successfully received registration approval as a Virtual Asset Service Provider with the Austrian Financial Market Authority (Finanzmarktaufsicht, FMA). This means that from now on, Bitvavo can offer crypto products and services in the Austrian market.

"The registration with the Austrian FMA enables us to get active in a new market. That's a great honor and part of our ambition to become the leading crypto exchange in Europe. Our approximately 1.5 million European users value us as their go-to trusted and secure platform for crypto trading and investing. We are looking forward to launching a new market and think our product will also be a great fit for Austrian consumers” said Mark Nuvelstijn, CEO of Bitvavo.

Market leader in the Benelux

Bitvavo is market leader in the Benelux and is registered with the central bank of The Netherlands, DNB. According to a recent survey by Multiscope, Bitvavo once again emerged as the biggest and best valued crypto exchange of The Netherlands. Learn more about the survey in this article.

“The same elements that brought us market leadership in The Netherlands, we expect to also resonate with the Austrian audience. Bitvavo is a compliance-led European crypto exchange, offering competitive and transparent transaction fees, and more than 200 digital assets on an easy to use platform. This combination is unique in Austria and the rest of Europe”, said Nuvelstijn.

Born in Amsterdam, built for Europe

Securing regulatory approval in Austria represents just another milestone in Bitvavo’s strategic expansion plans, as Bitvavo secured a registration in Italy last year and filed registration applications in other major markets. In May 2023, Bitvavo applied for a license with the German financial regulator Bafin and hopes to get the approval in 2024.

“Europe needs secure and regulated crypto exchanges. We are European at heart: Born in Amsterdam, built for Europe. Bitvavo will strive to stay at the forefront of regulatory developments and will continue to actively contribute to these developments”, said Nuivelstijn.

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