New service opens crypto doors to general public
A breakthrough in the crypto landscape. Dutch platform Finst, founded by part of the former DEGIRO core team, today launches 'Crypto Bundles'. As with regular stocks, it is now possible to purchase several crypto currencies simultaneously in a 'basket'. Bundles show similarities to ETFs, which have become hugely popular among retail investors. However, unlike ETFs, investors in Crypto Bundles do own the cryptoassets themselves. The new service launched today with a major media campaign....
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The power of diversification:
It is the first time in the Netherlands that such Bundles are becoming available. Investors can thus better diversify their risks. Portfolio diversification is particularly important for long-term investors, but for crypto this has been very time-consuming and costly until now. That is now a thing of the past. Finst now bundles the power of diversification into one simple and innovative solution.
Choose. Click. Done:
Initially there are 7 different Crypto Bundles available. A top 2, 5, 10 and 25 based on the current market capitalization as well as Crypto Bundles focused on certain sectors. Think of a DeFi Bundle for the decentralized finance sector, or a Green Bundle with a selection of sustainable cryptoassets such as Ethereum. Bundles are automatically rebalanced monthly to stay in line with market movements. As with individual crypto, Finst secures the Bundles through asset segregation through a foundation.
Biggest player in Europe:
The Dutch Finst, which raised €4M in an investment round last month, does not hide its ambitions. "Within five years, we want to become the largest and most trusted crypto platform in Europe thanks to our unique combination of transparency, security and extremely low fees," says founder and CEO Julien Vallet. "Until now, there was no service to passively invest in the crypto market, while our research showed that there is a clear demand for such a solution."
Crypto Bundles are not only accessible and cost-efficient, they also help investors save time. This unique solution removes the barrier for millions of investors and we are proud to lead the way in passive crypto investing."
Investing in green crypto:
Finst also offers the opportunity to invest in crypt oassets that have a more sustainable consensus mechanism than Bitcoin, for example. These can be purchased with the specially curated "Green Bundle," which includes the top crypto with the least environmental impact. "We noticed that there is a lot of interest to buy on a sustainable basis, says Vallet. "With the Green Bundle, we are responding to this desire. We strongly believe Bundles will attract a new generation of investors and become one of the most popular ways of discovering the crypto market."
More about Finst, the Bundles and all the facts surrounding their composition can be found here.
About Finst:
Finst is one of the fastest growing crypto platform in the Netherlands, offering a best-in-class investment platform combined with institutional security standards and 82% lower fees. Finst is run by the former core team of DEGIRO and is registered as a Crypto Service Provider with De Nederlandsche Bank (DNB). Finst aims to become the
largest and most trusted crypto platform in Europe by allowing retail investors to benefit from the same features and tools as professional traders.
Interview with Julien Vallet the CEO and Co-Founder of Finst:
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