Bitvavo Achieves Record Trading Volume in November and Delivers an Exceptional 2024

Amsterdam, December 18, 2024 – Bitvavo, one of Europe’s leading digital asset platforms, recorded a trading volume of nearly €100 billion through November 2024. This milestone sets the stage for a historic year, with total revenue expected to exceed €300 million. The year promises to be a record-breaking one, with an anticipated EBITDA surpassing the previous high set in 2021.

2024: A Year of Records

The U.S. election and the introduction of Spot BTC ETFs earlier this year triggered a surge in digital asset prices. This momentum drove a trading volume of €19 billion on the Bitvavo exchange in November alone. This year, Bitvavo crossed the €100 billion trading volume threshold for the first time (on December 9), with a significant market share increase across Europe. The platform has seen particularly strong performance in France, Spain, Austria, and Italy, while firmly maintaining its position as the market leader in the Netherlands. In Germany, Bitvavo has established a strategic partnership with Hyphe, positioning the company for European expansion under the upcoming MiCA regulations.

The crypto market began recovering in Q4 2023, with rising prices and increased trading volumes. This momentum has continued into 2024, resulting in both a growth in market share and strengthened user confidence.

Earlier this year, Bitvavo announced it had once again secured its position as the largest EUR spot exchange globally. With a market share of nearly 50% in EUR-denominated trading volumes, Bitvavo remains the leading player in the European crypto market. The past year also saw an increase in euro-denominated trading volumes, further solidifying Bitvavo’s position as the dominant force in the EUR spot market, ahead of global exchanges like Kraken, Coinbase, and Binance.