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Bitvavo

“Can a euro-native, EU-regulated exchange become the default crypto rail for Europe under MiCA?”

Founded2018
HQAmsterdam, Netherlands
FoundersMark Nuvelstijn, Tim Baardse, Jelle de Boer
IndustryFintech / Crypto
The story

Bitvavo was founded in 2018 as a euro-focused crypto exchange for the Dutch market. It obtained DNB registration in 2020 under Dutch AML rules and expanded across Europe, becoming the largest euro-denominated crypto spot exchange with 2M+ users and ~€10B monthly volume. Its strategy centers on being the compliant, EU-regulated (MiCA-aligned) gateway to European crypto markets, now expanding to institutional clients with FIX/REST/WebSocket APIs.

Last 12 months
—
Product timeline
2018
Founded in Amsterdam by Mark Nuvelstijn, Tim Baardse, and Jelle de Boer as a crypto exchange.· banking
2020
Registered with De Nederlandsche Bank (DNB) as a digital asset service provider.· banking
2023
Claimed ~40% share of the Dutch crypto market with ~1M customers.· banking
2024
Named largest cryptocurrency trading platform in the Netherlands by Quote.· banking
Regulated entities
1
regulatory licence held by Bitvavo
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
6 layers disclosed in Bitvavo’s embedded-finance stack
Payments / PSP
Bitvavo (self-operated)
Money movement
in the full report
Banking / BaaS
in the full report
Lending
in the full report
Insurance
in the full report
Crypto
in the full report
Accounting gap: minor
11 more providers across 5 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.