A group of former DeGiro executives want to conquer the market for investing in bitcoin and other crypto currencies with the new crypto investment platform Finst. Launched on Jan. 9 by Julien Vallet, the platform promises lower fees and more transparency than other trading platforms.
Big ambitions
Finst aims to conquer the crypto investor market and challenge established players including Bitvavo and Coinbase. Finst’s main weapon is its low costs for its users, which are up to 82% lower than other trading platforms. Finst is also more transparent about the origin of its liquidity and does not do “spreads.”
From DeGiro to Finst
Finst was founded by former DeGiro employees, including Julien Vallet, Marcel Putina and Maria Gallo. Gijs Nagel is also one of Finst’s investors and shareholder. Co-founder of trading platform Degiro.
Goals of Finst
Finst wants to offer investors confidence and security after a terrible 2022 and the overall lack of structure and trust in the crypto world. The platform is embedded in the Dutch banking world and keeps assets separate from its own balance sheet.
The platform offers more analysis and information about crypto trading and greater insight into portfolio performance relative to the market. Finst attracts experienced investors looking for diversification and has already attracted a large number of investors in its first week. Could they succeed in becoming Europe’s largest crypto platform within five years? We shall see…
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