On Wednesday, May 1st, Bitvavo, a cryptocurrencycurrency exchange, teamed up with Figment, a staking infrastructure provider. This collaboration intends to improve efficiency and expand cryptocurrencycurrency staking opportunities.
Figment will provide Bitvavo users with staking infrastructure, allowing them to earn staking rewards. The security of Figment’s infrastructure is a top priority, and the company actively maintains numerous certifications from organizations such as SOC 2 Type I and ISO 27001.
Along with the staking cooperation, the report focuses on Bitvavo’s worldwide development into Europe. Taking advantage of Europe’s evolving legal framework, particularly the threat of MiCA legislation, the market is rapidly becoming a hotbed for various cryptocurrencycurrency trading operations.
As a result, this collaboration reinforces Bitvavo’s previous staking service suite, which was built on Coinbase, Copper, and Kiln. Bitvavo CEO Mark Nuvelstijn notes that staking has begun to play a larger role in the exchange industry, and he is pleased to announce that Figment will significantly improve the current security arrangements.
MiCA establishes registration and licensing procedures that contribute to investor security, making Europe a desirable location for cryptocurrencycurrency enterprises. Bitvavo has already acquired regulatory approval in France and Austria, and a process of other regulatory certifications for key European regions is underway.
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