Spanish authorities grant regulatory approval to Bitvavo
- Bitvavo received registration as a Virtual Asset Service Provider from the Bank of Spain.
Earlier Bitvavo secured registration from regulators in Austria and France.
The launch in Spain is part of Bitvavo’s ambition to become the leading crypto exchange in Europe
Bitvavo received registration approval as a Virtual Asset Service Provider from the Bank of Spain, allowing Bitvavo to offer crypto products and services in the Spanish market.
Spain has made significant progress in recent years in advancing its crypto industry. This includes pushing forward with the implementation of MiCA and promoting the widespread adoption of cryptocurrency payments. In the 2023 Global Crypto Adoption Index by Chainalysis, Spain ranked twenty-second, indicating substantial potential for further growth.
The leading exchange in Europe
In November 2023 and January 2024, we obtained regulatory approvals from authorities in Austria and France. Our recent authorization in Spain aligns with our goal to establish ourselves as a market leader in Europe.
"Achieving approval in Spain reinforces our commitment to becoming the premier crypto trading platform in Europe. We are excited to introduce our services to the Spanish market,” stated Mark Nuvelstijn, CEO of Bitvavo.
The same elements that brought us market leadership in The Netherlands, we expect to also resonate with the Spanish audience. Bitvavo is a compliance-led European crypto exchange, offering competitive and transparent transaction fees, and more than 275 digital assets on an easy-to-use platform. Our team continuously improves our product and adapts it to the feedback of our community. This combination is unique in Spain and the rest of Europe.
For further information about this topic or Bitvavo in general, please reach out to [email protected].