Bitvavo, a Dutch exchange, partners with Figment to enhance staking offerings.

Netherlands-based cryptocurrency exchange Bitvavo has partnered with staking platform Figment to offer institutional-grade infrastructure for staking various tokens on behalf of its users. Figment, which received significant investments from Galaxy Digital in 2021, will provide staking infrastructure for Bitvavo, allowing the exchange to stake user assets across multiple proof-of-stake protocols, including Ethereum, Solana, and Near. This partnership is part of Bitvavo’s efforts to enhance its products and services, expanding its pool of staking service providers which already includes Coinbase, Copper, and Kiln. With over 1.5 million users in the Benelux region, staking has become an essential service for Bitvavo’s customer base. The collaboration with Figment will provide additional security and safety for staking and expand the exchange’s offerings. Figment’s head of Europe, the Middle East, and Africa, Eva Lawrence, mentioned that the two teams have been working together for six months to pioneer staking services across Europe. The partnership will also give Bitvavo access to staking rewards on newly launched networks, as Figment establishes dedicated validator nodes for the exchange to ensure high-quality network performance and security. Bitvavo has been steadily expanding its presence in Europe, with recent launches in France and Austria, and plans for further expansion in major European markets. The exchange’s CEO, Mark Nuvelstijn, believes that Europe’s regulatory framework for crypto-assets will enable cryptocurrency companies to offer financial services and vice versa.