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Bitvavo is a Dutch cryptocurrency exchange that was founded in 2018 by programmers Tim Baardse, Jelle de Boer, and business administrator Mark Nuvelstijn. Initially, the company utilized existing platforms such as Coinbase, Kraken, and Bitstamp but later developed its own platform to operate independently. By 2023, Bitvavo claimed to hold approximately 40% of the Dutch cryptocurrency market and had amassed one million customers. According to Quote, Bitvavo was the largest cryptocurrency trading platform in the Netherlands in 2024. In 2023, Bitvavo faced temporary challenges after lending €280 million to the cryptocurrency service provider Gemini, a subsidiary of the Digital Currency Group, which was being sued by the U.S. Securities and Exchange Commission (SEC).
Bitvavo is a Dutch cryptocurrency exchange that was founded in 2018 by programmers Tim Baardse, Jelle de Boer, and business administrator Mark Nuvelstijn. Initially, the company utilized existing platforms such as Coinbase, Kraken, and Bitstamp but later developed its own platform to operate independently. By 2023, Bitvavo claimed to hold approximately 40% of the Dutch cryptocurrency market and had amassed one million customers. According to Quote, Bitvavo was the largest cryptocurrency trading platform in the Netherlands in 2024. In 2023, Bitvavo faced temporary challenges after lending €28...
