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Bitvavo is the exchange with the highest trading volume in euros in 2024.
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On November 12, Bitvavo reached a 24H transaction volume of €1 billion.
With 2024 about to end, it is interesting to take a look at the Cryptocurrency market and analyze its behavior, specifically in Spain and the rest of Europe. Kaiko, a renowned digital asset industry analysis firm, shared a revealing report.
This reportpublished in early December 2024, shows important data, such as the tokens that were trending in the European market, the total trading volume in euros, the behavior of stablecoins in parity with the euro and the preferences of users when It’s about exchanges.
The cryptocurrency exchange with the highest volume in euros this 2024 is…
Regarding exchanges in Europe, Kaiko data reveals that November was the busiest month in 2024. With Bitcoin at $100,000, the market entered a frenzy that was evident on exchange platforms. In November, weekly transaction volumes in euros increased to 12 billion eurossurpassing the March peak.
And what was the favorite exchange in Europe this year? Binance? Nothing could be further from the truth. In fact, the report shows that Binance ranks fifth by euro trading volume in 2024, with a market share of 8%. It is preceded by Bitstamp with a little more than 8%, Coinbase with 12% and Kraken with 17%.
Meanwhile, Bitvavo stands as the most dominant exchange in the European cryptocurrency market, with an impressive 50%. On November 12, 2024, it reached a transaction volume of 1 billion euros in 24 hours, reaffirming its position as the largest euro spot cryptocurrency trading platform in the world.
Percentage of dominance of exchanges in the European market. Fountain: Kaiko
Bitvavo continue to advance in the European crypto market
It is no coincidence that Bitvavo be the favorite exchange platform for users in Europe. The exchange is based in Amsterdam, so it is obliged to comply with the laws and regulations of the eurozone for companies related to cryptocurrencies. It has authorization from the Central Bank of the Netherlands and the Central Bank of Spain.
More than 1.5 million people trust Bitvavo for its high security standards, with a guarantee fund of 100,000 euros in case of theft. Its fees are one of the lowest, and it has multiple SEPA payment methods, such as bank transfer (free in Europe), iDEAL, Bancontact, credit card, Paypal, SOFORT and EPS Überweisung.
Recently, the exchange teamed up with Kaiko as a sign of its commitment to transparency. With the partnership, Bitvavo data is now available in Kaiko’s extensive information base to offer easier and faster access to traders and institutions.
Bitvavo wants more users in Europe to join the platform to experience for themselves all the benefits it offers. Therefore, until December 31, 2024, a welcome bonus for new users of legal age resident in the eurozone who register on the exchange.
If you want to know more about Bitvavo, don’t miss what’s new on social networks:
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