 | |
| Company type | Private company |
|---|---|
| Industry | Financial services |
| Founded | 2018 |
| Founders | Mark Nuvelstijn Tim Baardse Jelle de Boer |
| Headquarters | Keizersgracht 281 1016 ED Amsterdam North Holland Netherlands |
Area served | Netherlands |
| Website | bitvavo.com |
Bitvavo is a Dutch cryptocurrency exchange founded in 2018 [1] by programmers Tim Baardse, [2] Jelle de Boer [3] and business administrator Mark Nuvelstijn. [4]
Initially, the company used existing trading platforms such as Coinbase, Kraken and Bitstamp, but later developed its own platform to operate independently. In 2023, Bitvavo claimed to control around 40% of the Dutch cryptocurrency market and to have about one million customers. [5] [6] According to Quote, Bitvavo was the largest cryptocurrency trading platform in the Netherlands in 2024. [7]
In 2023, Bitvavo temporarily faced financial issues after lending €280 million to crypto service provider Gemini, a subsidiary of the Digital Currency Group, which was sued by the SEC. [8] [9] [10] In 2024, a data breach affecting a limited number of customers was reported. [11] Since 2022, Bitvavo has offered a one-time insurance guarantee against hacks up to €100,000. [12] The minimum order size on Bitvavo is €5. [13]
In March 2022, Bitvavo became one of the six main sponsors of the Royal Dutch Football Association (KNVB). [14] [15]