By PressRelease
3 min read
Amsterdam, Netherlands, December 12th, 2024
Bitvavo has once again solidified its position as the largest EUR spot exchange globally, according to the newly published 2024 report by Kaiko, the provider of market data and analytics in the crypto sector. The report, which covers the first 11 months of this year, shows that the Amsterdam-based Crypto exchange accounts for half of the trading volume in euros worldwide.
Bitvavo accounts for half the market volume
Bitvavo achieved a market share of nearly 50% in EUR-denominated trading volumes, confirming its role as the leading player in the European crypto market. Bitvavo outpaced global exchanges such as Kraken, Coinbase, and Binance, cementing its dominance in a market that saw significant growth in demand for euro-crypto trading in 2024.
Most Euro pairs and deepest liquid EUR spot markets
Bitvavo has - as the report shows - the largest range of digital assets (350+) in EUR-Spot, with the deepest liquid markets of all exchanges. In addition, Bitvavo listed more than 100 new digital assets, more than any other exchange.
MiCA improves market opportunities
Growth in Euro crypto trading
According to Kaiko, euro trading volumes surged to an impressive €50 billion in November, more than doubling compared to October. BTC-EUR, the top trading pair, saw its share of global BTC-fiat volume climb from 3.6% to nearly 10%. This trend reflects improved regulatory clarity in the EU and Bitcoin’s growing institutional adoption worldwide, which continues to attract retail- and institutional investors to Europe.
Leaving competition behind
In addition to the robust market growth, the report also underscores Bitvavo’s position compared to other major players like Kraken and Binance. Bitvavo continued to grow steadily and maintained its position as market leader with a market share of almost 50%.
About Bitvavo
Founded in 2018 in Amsterdam, Bitvavo is Europe’s leading cryptocurrency trading platform and the largest EUR spot exchange globally. Over 1.5 million European retail users value Bitvavo for its comprehensive and user-friendly platform, where they can buy, sell, and store more than 350 digital assets at competitive fees. Institutional traders appreciate Bitvavo’s fast and reliable platform for the deep liquidity in more than 350 digital assets. Bitvavo is registered with the Dutch Central Bank (DNB). For more information, visit www.bitvavo.com.
About Kaiko
Since 2014, Kaiko has been a leading provider of market data and analytics in the crypto industry. Their insights support the development of innovative indices and benchmarks, and their reports are recognized as essential resources for market participants worldwide.
Karel Zwaan
press@bitvavo.com
Decrypt-a-cookie
This website or its third-party tools use cookies. Cookie policy By clicking the accept button, you agree to the use of cookies.