The election of Donald Trump as the 47th President of the United States sparked an unexpected frenzy in the crypto market. Since the announcement of his victory on November 6, 2024, Bitcoin and all cryptocurrencies have seen their prices skyrocket.
Earlier this week, BTC even surpassed the $90,000 mark, propelling the market to a total capitalization exceeding $3 trillion, a level not seen since the previous 2021 bull run.
The excitement has been fueled by the pro-crypto composition of Donald Trump’s entourage, including his Vice President JD Vance, billionaire Elon Musk, and Robert F. Kennedy Jr., a former Democrat and staunch advocate for financial decentralization. This favorable environment has increased investor confidence, driving trading volumes to unprecedented levels.
Bitcoin soars and Bitvavo achieves a new volume record
In this bullish atmosphere, European exchange Bitvavo has been one of the major beneficiaries. On November 12, while Bitcoin was reaching its highs, Bitvavo recorded a transaction volume of over one billion euros in just 24 hours. A remarkable performance that demonstrates the growing appeal of cryptocurrencies and the strategic role of Bitvavo in the European market.
Since its foundation in 2018, Bitvavo, regulated by the Autorité des Marchés Financiers (AMF) in France and the De Nederlandsche Bank (DNB), has sought to position itself as the go-to platform for European investors. This new record is a strong signal of the trust traders have placed in the platform’s infrastructure.
Bitvavo launches its Pro Mode for cost-effective trading
The CEO of Bitvavo, Mark Nuvelstijn, welcomed this milestone, stating:
Exceeding a transaction volume of one billion euros in a single day is proof of the solidity of our platform and the growing interest in cryptocurrencies. We remain committed to innovation and improving our service to meet the expectations of our users.
This enthusiasm reflects a strategy focused on optimizing the user experience. Bitvavo has recently introduced a Pro Mode on desktop, as well as on its mobile application, aiming to facilitate cost-effective trading and provide advanced tools for experienced users. Initial tests allow traders to benefit from reduced fees of 0.05% on 10 USDC pairs, while exploring a redesigned interface.
