Loading...

Figment begins to power Bitvavo digital asset staking

In this post:

  • Bitvavo announced that it has begun collaboration with Figment. 
  • With this collaboration, Bitvavo will be able to use Figment’s infrastructure.
  • Bitvavo will be able to stake its clients’ assets on various networks. 

Bitvavo has taken a big step regarding asset staking. In the recent move, it has announced that it will begin collaboration with Figment for asset staking. It is one of the leading cryptocurrency exchanges that has more than 1.5 million users. The new addition to its services will add further to the facilities for users. 

About Bitvavo and Figment

Bitvavo serves as a custodial cryptocurrency exchange and offers reliable crypto services to users in Europe. Though there are many crypto exchanges in Europe, there will be few comparable to Bitvavo for services and reputation. It is specifically focused on the EU region and its services can’t be accessed outside of the mentioned area. 

It has about 250 crypto assets available and it has attracted more than 1.5 million users which shows its popularity. It is based in Amsterdam and the secure trading environment is overseen by strong regulation. Furthermore, it is registered with the Dutch Central Bank which adds to its reliability.

Bitvavo continues to review its services, looking for improvement. Figment has joined hands with Bitvavo to help in digital asset staking. As the two collaborate, Bitvavo will be able to use the staking services adding to the services available to the customers.   

The collaboration between the two companies is seen as of big importance in cryptocurrency circles. Both aim to look for new opportunities and add to their potential. The collaboration between the two will ensure that there are additional security services and expansion of staking services. 

Bitvavo collaborates with Figment

The collaboration between Bitvavo and Figment has been announced by the prior’s CEO Mark Nuvelstijn. He said that the company continues to review its services in order to create a user-friendly environment and better products. He further added that their company views collaboration with Figment as a step to further the value of services for customers. 

They have chosen Figment for a number of reasons. Some of these include safety related to staking, additional security, and the expansion of services. Figment has up-to-date knowledge of staking and collaboration will help the mentioned cryptocurrency exchange continue as a global leader in the field of cryptocurrency. 

The company has worked with Figment for more than six months which has impressed them with quality as well as swift resolution of problems. The Head of EMEA at Figment said that they wish to continue the collaboration while bringing staking services to the users. 

Figment has continued to serve various companies in staking and the number of institutional clients exceeds 500. These include asset managers, wallets, foundations, managers, token holders, etc. Some of the impressive features include a staking dashboard, API integration, audited infrastructure, etc. 

Key features of this collaboration

As the two companies have collaborated to improve their services, it will add some features to their services. There are dedicated validator nodes for Bitvavo which will enhance the network security and performance. In order to ensure oversight and transparency, additional reporting capabilities have been added. 

Furthermore, clients would be able to benefit from the engineering and protocol expertise of Figment to get consistent staking rewards. There is less risk-taking and other benefits in Figment services which will enhance Bitvavo’s customers’ experience. Thus, this collaboration will bring various benefits to the users of the mentioned cryptocurrency exchange. 

Conclusion

Bitvavo has announced collaboration with Figment which will allow the use of asset staking services. As this collaboration has been announced, both companies have shown optimistic views for improvement. The shared asset staking facilities will benefit customers of Bitvavo in various ways. 

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Share link:

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Related News

Congressman Emmer: 'Ban CBDCs to Prevent Biden's Surveillance Agenda'
Cryptopolitan
Subscribe to CryptoPolitan