Cryptocurrency platform Bitvavo is to obtain the MiCA license!

Bitvavo secures MiCA licensing, outlining modifications for users of 'Bitvavo powered by Hyphe' starting from September 1st.

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2025 September 20 . 10:07 AM

2 min read

Cryptocurrency exchange, Bitvavo, receives MiCA authorization!

Cryptocurrency platform Bitvavo is to obtain the MiCA license!

Bitvavo, a leading digital asset platform based in Amsterdam, is making significant strides in the European cryptocurrency market. Founded in 2018, the platform now boasts almost two million users, making it one of the largest in Europe.

From September 1, 2022, users will need to accept the new general terms and conditions of Bitvavo via an in-app pop-up, marking the end of the transition phase in which Bitvavo operated on the European stock market under the label "powered by Hyphe". This change is due to Hyphe's withdrawal from the private customer business.

The transition of users from "Bitvavo powered by Hyphe" to Bitvavo B.V. is intended to be seamless. All existing account data and access will remain, with the contractual assignment changing to Bitvavo B.V. Existing login details and the account with Sutor Bank as the banking partner will also remain unchanged.

Bitvavo's expansion on the European stock market has been enabled by obtaining a MiCA license from the Dutch financial authority AFM. This license allows Bitvavo to offer its services throughout the EU, including Germany, under a uniform, harmonized legal framework. Countries such as Norway, Iceland, and Liechtenstein are also covered by this regulation.

The MiCA license, which stands for Markets in Crypto-Assets, is a significant milestone for Bitvavo. With this license, Bitvavo aims to further expand its claim as the leading player among European cryptocurrency exchanges. The license also enables cross-border operation, positioning Bitvavo to compete effectively as a fully regulated crypto exchange with EU-wide access.

The cooperation between Bitvavo and the Dutch authority was efficient and constructive. Bitvavo has fulfilled all regulatory requirements to receive the MiCA license. With the new MiCA license, Bitvavo aspires to maintain its position as the world leader in the Euro spot market, according to its own statements.

The change in management of Hyphe's private clients is scheduled for September 1, 2025. Bitvavo will take over management of these clients at that time. The previous technical and regulatory framework via Hyphe Markets GmbH will no longer apply.

In conclusion, Bitvavo's acquisition of Hyphe's private clients and its receipt of the MiCA license mark a significant step forward in the platform's growth and expansion in the European stock market. The new license will allow Bitvavo to operate seamlessly and offer regulated crypto trading and custody services throughout Europe, enhancing trust and compliance with EU standards.