The cryptocurrency exchange Bitvavo has officially received a license from the Netherlands Authority for the Financial Markets (AFM) in accordance with the Markets in Crypto-Assets (MiCA/MiCAR) regulation. This allows the company to provide a full range of services related to crypto assets throughout the European Union.
This is reported by Business • Media
Bitvavo Among the Leaders in MiCA Licensing in Europe
Bitvavo has become the fifth platform to undergo official licensing in the Netherlands under the new European rules for cryptocurrency exchanges. Previously, similar licenses under MiCA were also granted to market players such as Coinbase (Luxembourg), Kraken (Ireland), and MoonPay (December 2024). These licenses open up the opportunity to provide cryptocurrency services to clients across the EU.
“We fully support the core principles of MiCAR. For a level playing field in Europe, it is crucial that the rules are formulated and applied consistently across all member states. This license provides clarity, confidence, and enables Bitvavo to realize its ambitions: to become the leading platform for trading digital assets in Europe.”
According to Jitan Patel, Chief Risk Officer at Bitvavo, the company has closely collaborated with the AFM during the licensing process and fully complies with all MiCAR requirements. The exchange positions itself as the largest spot platform for trading crypto assets in euros.
EU Crypto Asset Market: New Players and Prospects
In addition to Bitvavo, well-known companies such as Coinbase and Kraken, which have registered in Luxembourg and Ireland respectively, can now officially offer their services within the European Union. It has also been reported that another major cryptocurrency exchange, Gemini, which has chosen Malta for this purpose, may soon receive a MiCA license.
The presence of a unified regulation promotes transparency and confidence in the crypto industry, as well as creates a level playing field for all market participants within the EU.