Leading European crypto exchange Bitvavo to offer MiCA-Compliant USDC
Amsterdam – September 26, 2024 – Bitvavo, one of the largest European cryptocurrency exchanges, is making MiCA-compliant USDC widely available to Bitvavo’s growing user base to offer regulated, efficient, and transparent dollar stablecoin transactions to European users. The whitepaper of USDC was published by Circle France on 1 July 2024.
Bitvavo expands with MiCA-Compliant USDC
Introducing USDC trading pairs ensures that Bitvavo’s users can trade with confidence, knowing they are using a MiCA-compliant and transparent digital asset. USDC is backed 100% by highly liquid cash and cash-equivalent assets, that is redeemable 1:1 for US dollars. Of the top stablecoins by market capitalization, only USDC is currently MiCA-compliant.
Competitive trading fees
Bitvavo has over 1.5 million users and offers them a comprehensive and user-friendly platform where users can buy, sell, and store over 300 digital assets. Users can trade USDC pairs with fees of 0.05% or lower, offering some of the most competitive rates in the market.
New layer of reliability
For the first time, Bitvavo is listing USD denominated trading pairs, enabling new seamless pairs with major cryptocurrencies like Bitcoin, Ether, and more. A commitment to MiCA-compliant coins like USDC adds a new layer of reliability to customers and offers enhanced user protection. More USDC pairs will follow in the upcoming period.
Dedication to foster trust
“As one of Europe’s leading cryptocurrency exchanges, we are committed to exclusively offering MiCA-compliant stablecoins that empower millions of users to transact safely,” said Jeetan Patel, Chief Risk Officer at Bitvavo. “Providing greater access to USDC underscores our dedication to fostering trust, transparency, and innovation in Europe’s expanding crypto asset market.”
“MiCA has set the stage for the European cryptocurrency industry to flourish,” said Kash Razzaghi, Chief Business Officer at Circle. “Exchanges like Bitvavo are leading the charge by embracing MiCA compliance, enabling users to unlock the full potential of USDC for compliant payments, trading, and more.”
Bitvavo offering
Bitavo now offers 10 USDC trading pairs: BTC/USDC, ETH/USDC, ADA/USDC, XRP/USDC, SOL/USDC, DOGE/USDC, AVAX/USDC, SHIB/USDC, FET/USDC, and DOT/USDC. Additional USDC pairs will soon be available. Please note that currently, USDC pairs are only available in the Bitvavo ‘Pro Mode’ interface via web (mobile or desktop). In the near future, Bitvavo is planning to make USDC trading pairs also available in the app.