Mark Nuvelstijn steps down as CEO of Bitvavo
Amsterdam, 4 July 2025 ā Mark Nuvelstijn has decided to step down from his role as CEO of Bitvavo with immediate effect. He has also indicated that he does not intend to return to any executive role within the company. This decision follows his earlier temporary step back to allow the company space to assess the situation. Earlier today,Ā Het Financieele Dagblad published an article containing several allegations against him. Johan van Olffen has now been appointed as interim CEO.
Bitvavo respects Mark Nuvelstijnās decision and expresses its appreciation for his dedication and the important role he has played in the companyās growth.
It had long been the intention for Mark Nuvelstijn to hand over his responsibilities in due course to a new CEO who would lead Bitvavo into its next phase of growth. Recent developments have accelerated this decision. With Mark Nuvelstijn stepping down, the CEO responsibilities will now be temporarily fulfilled by Johan van Olffen, who will combine this role with his current position as CFO.
Long-Term Interests
"I do not want Bitvavo to be burdened by an issue from the past relating to my private investments. In the coming period, I intend to take responsibility for my actions. It is the right thing to do without any potential conflict of interest in my role as a statutory director of Bitvavo. It is a difficult decision, but the long-term interests of the company and its stakeholders come first," said Mark Nuvelstijn.
Growth Potential
"We regret that Mark is stepping down earlier than expected under these circumstances, but we respect his decision. As co-founder, Mark has played a crucial role in Bitvavoās growth and development. He has built a strong track record in the crypto space. The fact that Bitvavo stands where it does today ā a strong player with tremendous growth potential ā is thanks in large part to Mark," said Johan van Olffen.
About Bitvavo
Bitvavo was founded in 2018 with the mission to make digital assets accessible to everyone. Under the leadership of co-founder Mark Nuvelstijn, Bitvavo grew into the largest EUR spot trading platform in the world and a leading crypto platform in Europe. With nearly 2 million users ā ranging from retail investors to professional institutions ā and a team of 450 employees, Bitvavo is active in multiple European markets.
In recent years, the company has reached several important milestones, including a record year in 2024 in terms of revenue, profit, and trading volume. Bitvavo currently holds a 50% market share in the EUR spot market and recently obtained its MiCA licence, positioning the company for further expansion across Europe. Mark Nuvelstijnās contribution to this growth and development has been of great value. Bitvavo is now ready for the next phase of growth, with the ambition to become the European market leader in the coming years.
For more information:
This article is for informational purposes only and does not constitute a marketing communication or recommendation. None of the content herein should be considered as investment advice or a substitute for it. Bitvavo makes no guarantees regarding the accuracy or completeness of the provided information. Investments involve risks. There is a possibility of losing your entire invested capital.