CoinRoutes connects its high-performance order management system to Bitvavo, the leading EUR spot crypto exchange
December 14, 2023
CoinRoutes, a global provider of advanced algorithmic trading strategies, is pleased to announce its integration with Bitvavo, further enhancing its coverage of leading crypto-asset trading venues.
Bitvavo is the leading cryptocurrency exchange for EUR spot trading, processing the majority of EUR spot volume. With access to over 200 crypto assets and approximately 1.5 million users, Bitvavo stands out as a market leader in Europe. As a registered exchange with the Dutch Central Bank, it not only provides a secure trading environment but also ensures regulatory compliance.
Bitvavo recently introduced 0% maker fees and 0.02% taker fees for BTC and ETH, with plans to extend these competitive rates to more trading pairs in the future. This strategic move solidifies Bitvavo as a standout choice for institutional traders seeking both a secure platform and deep liquidity.
With this newest partnership, institutional traders can seamlessly access Bitvavo's deep liquidity through CoinRoutes' recently-patented trading platform. Designed with a user-friendly, advanced interface, CoinRoutes offers a best-in-class distributed smart order routing system, enabling fast and seamless access to algorithms, top-tier venues and market data that improve execution performance and operational efficiency.
Mark Nuvelstein, CEO and Co-Founder at Bitvavo, commented: "CoinRoutes has an established track record of delivering cutting-edge technology solutions to institutional counterparties around the world, allowing them to navigate the markets with unprecedented ease and efficiency. With Bitvavo now available through CoinRoutes' sophisticated platform, our institutional clients can anticipate a significant boost in execution edge and productivity.
"CoinRoutes' CEO and Co-founder, Ian Wesiberger, said: "We are delighted to welcome Bitvavo into CoinRoutes' network, which already includes 60+ liquidity venues, encompassing top-tier exchanges, custodians, OTC desks, and prominent market makers. Through this collaboration, we aim to provide institutions with an expanded array of liquidity options to help them achieve best execution."
Bitvavo was founded in 2018 in Amsterdam, The Netherlands. Bitvavo has grown to be the biggest crypto exchange in Benelux, registered at De Nederlandsche Bank. Its goal since day one has been to help people explore the world of crypto. Bitvavo believes that blockchain technology will change the world and that crypto is going mainstream. It wants to be the go-to digital asset platform that people can trust.
Currently Bitvavo is the leading cryptocurrency exchange for EUR spot trading, processing the largest EUR spot volume on a daily basis. Approximately 1.5 million European users appreciate Bitvavo for its comprehensive and user-friendly platform, offering 200+ digital assets and low and transparent trading fees. For more information, visit https://bitvavo.com/.
CoinRoutes is a best-in-class institutional grade crypto trade Execution Management System (EMS). With CoinRoutes you can achieve best execution by trading on over 65 major CEXs, DEXs and Liquidity Providers covering more than 3,000 assets (spot, perpetuals, futures) via a single API or our trading app. In a single order you can trade across DeFi and CeFi, using CEXs, DEXs and LPs. Our system allows you to choose counterparties instantly and allows you to diversify your counterparty risk. CoinRoutes' patented distributed architecture allows our clients to keep control over their digital wallets and keys.
Our advanced algorithms, that include automated spread trading and multi-product trading in a single order, will achieve the lowest costs while minimizing market impact and filling orders faster to reduce slippage. Additionally, our built-in transaction cost analysis (TCA) will help you evaluate your trading performance across our five benchmarks, including our proprietary Cost Calculator.
CoinRoutes was founded in 2017 to handle the unique market structure of crypto assets by ex-Two Sigma, ITG and Lava executives.