Hyphe partners with Bitvavo to offer retail trading in Germany

• With live testing underway, the partnership aims to offer German retail customers a superior product experience and very competitive trading fees.

MUNICH, 01. August 2024 – Digital asset liquidity provider, Hyphe, and leading European crypto exchange, Bitvavo, have entered into a strategic partnership that enables Hyphe to offer German retail customers access to trade around 300 crypto assets with very competitive fees. Operating under the name ‘Bitvavo powered by Hyphe’, German users will not only enjoy an extensive asset inventory, but also the intuitive product experience that has helped make the Dutch crypto exchange the leading player in its home market and one of the leading trading platforms in Europe. The service is currently in an advanced testing mode as part of a staged rollout, and will soon be available for the general public, through both web and mobile applications.

Built to apply banking-grade standards to digital asset markets, Hyphe is supervised by German financial regulator, Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), and therefore licensed to provide trading services to German customers. Custody for the digital assets will be provided by BaFin-regulated crypto custodian, Tangany, ensuring a highly-regulated and secure environment. Banking services will be provided by Sutor Bank.

Founded in 2018, crypto exchange Bitvavo has grown to become the market leader in the Netherlands. Across Europe it serves over 1.5M users and registers as the largest Euro spot crypto exchange in the world. Bitvavo processed trading volume of €54 billion in the first half of 2024, highlighting the trust and confidence placed in it by the crypto community. With a reputation for some of the lowest trading fees in the industry, Bitvavo has also achieved recognition for its easy-to-use platform, popular with both advanced traders and ambitious starters.

As a liquidity provider and digital asset infrastructure specialist, Hyphe adheres to the highest supervisory standards in Europe. As an advocate for crypto, I am delighted to partner with Bitvavo so that together we can bring all the benefits of their retail trading platform to German customers.

Demand for crypto trading in Germany is rising steadily, with customers increasingly focussed on quality of service and value for money. A recent survey conducted by BTC-Echo and KPMG highlighted security credentials, smooth deposit and withdrawal procedures, transaction costs and asset coverage as the top four criteria for crypto investors when selecting a trading venue.

Bitvavo powered by Hyphe is scheduled to complete advanced testing soon, followed by full open access to German retail customers later in August.

About Hyphe

Hyphe Markets GmbH is a Munich headquartered digital asset liquidity provider serving financial institutions. Hyphe enables banks, brokers and asset managers to access digital asset trading with ease. Trading independently with Hyphe, off-exchange, institutions are often able to drastically reduce counterparty risk while supporting a range of products and services for their customers. Hyphe’s price discovery tech, Clear-Calculus, streams the fair market price for digital assets, 24/7.

Hyphe Markets GmbH operates a proprietary trading license issued by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) under Sec. 2(2) Nr. 10c of the German Investment Firm Act, meaning clients trading crypto enjoy a high standard of regulatory compliance.

About Bitvavo

Bitvavo is the leading European cryptocurrency trading exchange and the largest EUR spot exchange globally. Over 1,5 million European users value Bitvavo for its comprehensive and user-friendly platform, where users can buy, sell and store over 300 digital assets at competitive trading fees. Bitvavo is registered with the central bank of the Netherlands (DNB).

About Tangany

Tangany is an innovative fintech company based in Munich and regulated by BaFin. Tangany offers a market-leading B2B solution for the custody of digital assets on blockchain protocols (e.g. cryptocurrencies, tokenized securities, NFTs). The solution is used by more than 60 institutional clients, including banks, trading platforms, industrial companies and fintechs.

Customers are enabled to use blockchain technology easily and reliably by integrating modern APIs into their systems. This white-labelled solution significantly reduces the cost and time of in-house development, enabling faster time-to-market and greater focus on proprietary products and services. Tangany's crypto custody licence also covers regulatory requirements if necessary.

About Sutor Bank

Sutor Bank offers fintechs, cryptotechs, financial distributors and digital partners a banking-as-a-service platform for the development of financial products, financial business models and embedded finance offerings. The focus of the offering is on the interfaces between securities trading, crypto trading and the related payment processes. Sutor Bank is also traditionally active in private banking. The private Banking also develops wealth management products for platform partners.