Finnish Broker Coinmotion Expands Crypto Offerings with Bitpanda Partnership

With this partnership, Coinmotion aims to expand across the Nordic crypto market by offering a wide range of digital assets and advanced trading features.

Editor Veronika Rinecker Editor Veronika Rinecker About Author Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been... Author Profile Share Copied Last updated: August 21, 2024 02:05 EDT

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Coinmotion, a Finnish cryptocurrency broker, has partnered with crypto infrastructure provider Bitpanda Technology Solutions. Through this collaboration, Coinmotion will significantly expand its cryptocurrency offering from 12 to over 400 digital assets.

According to an August 21 press release, Coinmotion plans to enhance its platform’s user experience and boost revenue. By leveraging Bitpanda’s infrastructure, Coinmotion will also be able to offer its customers advanced liquidity and secure custody services.

Coinmotion users already have access to 10 popular cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Chainlink (LINK), Uniswap (UNI), Ripple (XRP), with a wider selection to be introduced in the near future.

Lukas Enzersdorfer-Konrad, CEO of Bitpanda Technology Solutions, together with Antti-Jussi Suominen, CEO of Coinmotion. Source: Bitpanda

Expanding Presence in Scandinavia

Antti-Jussi Suominen, CEO of Coinmotion, said the broker is experiencing “a surge in customer demand” as more people embrace cryptocurrency investments. With this new partnership, Coinmotion solidifies its position as a Nordic crypto leader, not only strengthening its market dominance in Finland but also pioneering the crypto space across the entire region.

“By partnering with Coinmotion, we are offering the largest selection of cryptocurrencies in the Nordic region,” said Lukas Enzersdorfer-Konrad, CEO of Bitpanda Technology Solutions.

“Together, we are driving innovation in the digital assets space while maintaining the highest security standards.”

Bitpanda Partners with Major Financial Institutions

Based in Vienna, Austria, Bitpanda is one of the largest European crypto providers and has already gained over five million users.

Its cloud-based infrastructure Bitpanda Technology Solutions (BTS) provides user-friendly infrastructure for digital assets to over 25 million potential users across Europe and beyond.

Designed to handle high transaction volumes, BTS’s infrastructure is highly customizable to meet the needs of each partner. This versatility has already attracted numerous financial institutions, fintech companies and crypto exchanges.

On August 19, the National Bank of Ras Al Khaimah (RAKBANK) in the United Arab Emirates partnered with BTS to develop a digital asset management platform. Recognizing the potential of digital assets to transform financial services, RAKBANK aims to provide its customers with a more efficient and secure way to manage their finances.

RAKBANK is teaming up with @Bitpanda_global Technology Solutions – a leading digital assets technology provider – to offer UAE residents the opportunity to pursue various digital assets use cases in a secure and efficient way. When fully launched, RAKBANK customers will be… pic.twitter.com/DJkxgIM1id — RAKBANK (@RAKBANKlive) August 19, 2024

Earlier this year, Bitpanda also joined forces with Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) in Austria to introduce crypto trading services to its clients.

Additionally, on June 4, Bitpanda secured a partnership with Deutsche Bank, one of Germany’s largest banks. By gaining access to German IBANs, Bitpanda can streamline deposits and withdrawals in traditional currencies, offering a more seamless user experience.