Finst

Finst is a cryptocurrency investment platform based in Amsterdam, the Netherlands. Founded by the former core team of the European online stockbroker DEGIRO, Finst launched its services in January 2023 after obtaining registration as a Crypto Service Provider from De Nederlandsche Bank (DNB). The platform aims to provide the lowest trading fees in the Netherlands, charging only 0.15% per transaction without any minimum amount, volume commitment, or added spread. For instance, a transaction of EUR 1000 in Bitcoin would cost only EUR 1.50 on Finst, which is 82% cheaper than the average fees of other major Dutch providers.

Finst allows investors to trade and diversify their portfolios across 30 popular digital assets, with plans to expand coverage to over 55 major cryptocurrencies. The platform operates 24/7 and provides real-time market news and updates. To ensure maximum security, Finst has partnered with the custodial solution provider Fireblocks and safeguards all clients' digital assets in a bankruptcy-remote custody vehicle.

In August 2023, Finst became the first and only Dutch cryptocurrency platform to release an extensive Proof of Reserves audit conducted by the independent audit firm AuditNow. The audit confirmed that Finst holds its clients' assets on a full reserve basis (1:1) and has implemented effective segregation of assets through a bankruptcy-remote vehicle.

In April 2023, Finst launched a new product called "Crypto Bundles," enabling users to invest in a basket of cryptocurrencies at once, similar to ETFs but with direct ownership of the assets. The bundles offer diversification across different sectors, market caps, and sustainable cryptocurrencies.