Dutch exchange Bitvavo cleared to operate in France
Netherlands cryptocurrency exchange Bitvavo is slowly expanding its reach after gaining regulatory approval in Austria and France.
Netherlands-based cryptocurrency exchange Bitvavo is set to expand its services to French users after successfully registering as a digital asset service provider with France’s Autorité des Marchés Financiers (AMF).
The expansion into France comes just weeks after Bitvavo secured regulatory approval to offer its services in Austria. The exchange expanded its offering to Italy in 2022 and has filed registration applications for other major European markets.
“Securing registration with the French AMF marks a pivotal moment for us. We are excited about bringing our consumer-focused offering to the French market,” CEO Mark Nuvelstijn said in a statement.
The exchange also highlighted an interesting trend that underpins its efforts to expand into France. A recent AMF survey on French investors indicates that more of its citizens own cryptocurrencies (9%) than conventional stocks (7%) and bonds (2%).
...