Dutch crypto exchange Finst raises €4 million

Julien Vallet and Marcel Putina, the co-founders of Finst – Credit: Finst

Finsta crypto exchange based in Netherlands and co-founded by former of the brokerage company Degirohas completed a 4 million euro round of financing led by Deribit.

Founded last year in Amsterdam by Frenchman Julien Vallet, ex-director of Degiro France, and Marcel Putina, former Product Lead at the Dutch broker, Finst offers services of trading for about 50 crypto-currencies and boasts of offering lower fees than its rivals.

This Wednesday, the exchange announced that it had raised 4 million euros in a financing round led by Sentillia, the parent company of the popular crypto derivatives platform Deribit. The identities of the other investors were not disclosed.

There is a consensus that Europe needs a first-class crypto exchange that is highly secure, fully transparent and puts customers’ interests first. Having one of the world’s largest crypto derivatives platforms as a shareholder brings us one step closer to realizing our ambition,” claimed Julien Vallet, Finst’s boss, in a statement shared with Coins.co.uk.

At DeribitWe are very pleased with this transaction. “We are delighted to invest in Finst and support its mission to set the highest standards of security and transparency in the cryptocurrency industry,” said Luuk Strijers, Deribit’s chief commercial officer.

Finst will leverage the funds raised to accelerate its growth and prepare for the launch of its platform at international. The startup also plans to expand its product range with a simplified investment solution and a staking service.

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