Dutch cryptocurrency exchange Bitvavo just upped its game, announcing a collaboration with Figment, a leader in staking infrastructure. This partnership leverages Figment's top-notch security and expertise to expand Bitvavo's staking services across multiple networks, including Ethereum, Solana, and NEAR.

With over 1.5 million users and access to a vast array of crypto assets, Bitvavo is a major player in the European market. This move strengthens their position by offering secure and reliable staking options to their customers.

The new service boasts several benefits for Bitvavo users. They'll gain access to staking rewards on new and emerging networks, benefit from Figment's "Safety Over Liveness" approach, and enjoy the peace of mind that comes with Figment's SOC 2 and ISO certifications. Additionally, dedicated validator nodes will ensure optimal network performance and security.

This partnership isn't just about offering more staking options; it's also part of Bitvavo's strategic expansion plan. Europe's increasingly crypto-friendly regulatory environment, particularly with the implementation of MiCA, is attracting global investors. Bitvavo is capitalizing on this by securing regulatory approval in key markets like France and Austria, with further expansion on the horizon.

The unified licensing framework within Europe is another advantage Bitvavo is leveraging. A single license allows them to operate across multiple countries, streamlining compliance and boosting their reach.

Mark Nuvelstijn, CEO of Bitvavo, highlights the importance of staking and the strategic value of the Figment partnership. He sees it as a way to enhance security, expand services, and cater to the growing demand for staking among their customers.

Eva Lawrence, Head of EMEA at Figment, is impressed by Bitvavo's approach and sees a strong fit between the two companies.

With a robust staking service and a strategic focus on Europe's burgeoning crypto market, Bitvavo is well-positioned to become a major force in European crypto adoption.