Bitvavo, one of the largest cryptocurrency exchanges in Europe, has recently announced that they will be prefunding $296.7 million of Digital Currency Group (DCG) assets in order to help address the liquidity crisis in the cryptocurrency market. DCG is the parent company of Grayscale Investments, one of the largest crypto asset managers in the world. This prefunding will allow Bitvavo to provide more liquidity to its customers, allowing them to purchase and sell cryptocurrencies with ease. It will also help to provide a more secure and stable trading environment for users. This move comes as the crypto market is facing a liquidity crisis, with many exchanges and traders struggling to find buyers for their assets. With this prefunding from Bitvavo, users can expect to have more liquidity and stability when trading cryptocurrencies.
Source: Cointelegraph