Bitvavo, a leading European cryptocurrency exchange with over 1.5 million users, has announced a significant partnership with Figment to enhance its asset staking offerings. This collaboration marks a major step forward for Bitvavo, as it aims to provide its users with more comprehensive and secure staking services.

About Bitvavo and Figment Bitvavo is a custodial cryptocurrency exchange based in Amsterdam, Netherlands, primarily serving users within the European Union (EU) region. With a focus on security and reliability, Bitvavo is registered with the Dutch Central Bank and offers trading services for over 250 crypto assets.

Figment, on the other hand, is a renowned provider of staking services for digital assets. With a client base exceeding 500 institutional clients, including asset managers, wallets, foundations, and token holders, Figment has established itself as a leader in the staking industry.

Bitvavo's Collaboration with Figment Mark Nuvelstijn, the CEO of Bitvavo, announced the collaboration, stating that the partnership with Figment aligns with the company's commitment to continuously improving its services and creating a user-friendly environment. He expressed confidence in Figment's expertise and ability to enhance the value of Bitvavo's offerings for customers.

Nuvelstijn further highlighted that Bitvavo chose to collaborate with Figment due to its strong focus on safety, security, and the expansion of staking services. After working with Figment for over six months, Bitvavo was impressed by the company's quality and swift resolution of issues.

Figment's Head of EMEA expressed enthusiasm for the partnership, stating their commitment to bringing top-notch staking services to Bitvavo's users.

Key Features of the Collaboration The collaboration between Bitvavo and Figment will introduce several key features to enhance the staking experience for Bitvavo's users:

Dedicated validator nodes: Bitvavo will have dedicated validator nodes, improving network security and performance.
Enhanced reporting capabilities: Additional reporting capabilities will be implemented to ensure oversight and transparency.
Consistent staking rewards: Bitvavo's customers will benefit from Figment's engineering and protocol expertise, ensuring consistent staking rewards.
Reduced risk: Figment's services offer less risk-taking, enhancing the overall experience for Bitvavo's customers.

Conclusion

The partnership between Bitvavo and Figment represents a significant milestone in the digital asset staking landscape. By leveraging Figment's expertise and infrastructure, Bitvavo aims to provide its users with secure, reliable, and user-friendly staking services. This collaboration not only expands Bitvavo's offerings but also demonstrates the company's commitment to staying at the forefront of innovation within the cryptocurrency ecosystem.