Bitvavo is the latest cryptographic exchange that receives a cryptographic asset market license from the Dutch Authority for Financial Markets (AFM) to operate in the 30 nations in the European economic area.
Cryptographic companies have requested licenses since the regulatory regime entered into force in December last year. Mica, which entered into force in 2023 harmonizes the rules through the European Union block of 27 nations more Iceland, Norway and Liechtenstein.
The Netherlands also granted licenses to four exchanges in December last year, since the rules entered into force. Other exchanges such as OKX, Crypto.com and Bitpanda secured a Mica Mica license. Kraken received a license on Thursday from Ireland, Coinbase received a Luxembourg Mica license in June and Bybit received an EU license from Austria in May.
“This license provides clarity, trust and allows Bitvavo to fulfill its ambition: become the main platform for digital asset trade in Europe,” said Mark Nuvelstijn, CEO and co -founder of Bitvavo, in a statement.
Bitvavo, who is the largest player worldwide in the Spot Eur market, already held records in France, Austria, Italy and Spain, in addition to the Netherlands, according to the company’s statement.
