Amsterdam-based Finst, a cryptocurrency exchange, announced on Thursday the launch of its crypto-as-a-service solution.
This enables corporates and institutions to access a comprehensive range of tailored crypto services via a single integration.
By using Finst, market participants can now trade over 110 digital assets in EUR with guaranteed best execution and ultra-low trading fees of 0.15 per cent.
Through its Smart Order Router and extensive liquidity sources, the platform offers superior execution with an average spread of less than 0.01 per cent on major crypto assets such as BTC and ETH.
“Execution standards still vary greatly in the crypto industry, and we believe best execution should be the main standard to increase transparency. Our connections with many liquidity venues enable our clients to benefit from very tight spreads regardless of order size and market volatility, and to deploy and manage capital efficiently between venues from one main account,” says Julien Vallet, CEO & Co-founder.
Access to digital assets services
In addition, members of the Finst institutional network can access a unique range of digital assets services, including bankruptcy-remote custody, clearing, fiat on/off ramp, flexible staking, curated crypto portfolios, post-trade settlement, and Direct Market Access.
Finst is the first and only Dutch crypto service provider with an audited Proof-of-Reserve and a fully segregated structure.
Finst is registered as a Crypto Service Provider with the Dutch Central Bank and has partnered with Fireblocks, the world’s leading custody provider, and the Dutch-regulated bank Bunq to safeguard its clients’ assets.
The institutional network features advanced MPC technology with custom multi-signature policies, giving its members unparalleled control over their assets.
Moreover, the company has implemented robust risk management frameworks to mitigate its members’ market and counterparty risks.
“The institutional adoption of digital assets has not been as fast as initially anticipated, partly due to the lack of consolidated offerings, infrastructure, safety, and cost-efficiency. We combined these elements into a unique one-stop-shop solution where the safety and regulatory standards of TradFi meet the agility and capabilities of DeFi,” says Julien Vallet, CEO & Co-founder.
Finst: Crypto platform with lowest trading fees
Founded by the ex-core team of DEGIRO, an online stockbroker in Europe, Finst aims to offer an investment platform with the lowest trading fees in The Netherlands.
Finst says investors can diversify their wealth across 30 popular digital assets, trade 24/7 in EUR (€), and monitor the market with real-time news.
Finst has partnered with the wallet management provider Fireblocks and safely keeps all its clients’ digital assets in a bankruptcy-remote custody vehicle.
Finst says its platform is suitable for active traders and long-term investors and aims to become the largest cryptocurrency platform in Europe within five years.
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