"MiCA license granted to Bitvavo!"
Bitvavo Strengthens Position as European Cryptocurrency Leader with MiCA License
Bitvavo, a world leader in the Euro spot market and one of the largest digital asset platforms in Europe, has announced significant changes that aim to further strengthen its position among European cryptocurrency exchanges.
The Dutch-based company has recently received a MiCAR license from the Dutch financial authority AFM, allowing it to offer its services across the EU, including Germany, under a uniform, harmonized legal framework. This regulation also covers countries like Norway, Iceland, and Liechtenstein.
With this new license, Bitvavo aims to bolster its standing as a leading player among European cryptocurrency exchanges. The company currently boasts a user base of nearly two million, a testament to its growing popularity.
The transition phase for Bitvavo operating under the "powered by Hyphe" label in the German market has ended. Bitvavo B.V. will take over the management of Hyphe's private clients from September 1, 2025. Hyphe is withdrawing from the private customer business. Hyphe Markets GmbH will no longer be involved in the technical and regulatory framework of the platform. Bitvavo B.V. is now the contractual provider for all existing accounts.
For existing customers on the "Bitvavo powered by Hyphe" platform, the transition should be seamless. Existing login details and the account with Sutor Bank as the banking partner will remain unchanged. Users will need to accept the new general terms and conditions of Bitvavo via an in-app popup.
The change brings benefits for users, including access to more tradable cryptocurrencies, an enhanced Bitvavo Rewards experience with flexible and fixed staking. However, no action is required except logging in and accepting new terms to continue using the service without interruption.
Bitvavo's goal with the MiCA license is to strengthen its position as a leading player among European cryptocurrency exchanges. Founded in 2018, the company has already established itself as one of the world leaders in the Euro spot market.
These developments underscore Bitvavo's commitment to providing a secure, reliable, and user-friendly platform for cryptocurrency trading in Europe. As the company continues to grow and adapt to the evolving regulatory landscape, it remains dedicated to serving its two million strong user base and expanding its reach across the continent.
