Finnish Broker Coinmotion Expands Crypto Offerings Through Bitpanda Partnership

Finnish cryptocurrency broker Coinmotion has announced a strategic partnership with Bitpanda Technology Solutions to significantly expand its range of digital assets and enhance trading features. This collaboration will enable Coinmotion to broaden its cryptocurrency offerings from the current 12 to over 400 digital assets, according to a press release dated August 21.

Enhanced Offerings and User Experience

Through this partnership, Coinmotion aims to improve its platform’s user experience while boosting revenue by leveraging Bitpanda’s advanced infrastructure. The integration with Bitpanda will allow Coinmotion to provide its customers with improved liquidity and secure custody services, meeting the growing demand for diversified crypto investment options in the Nordic region.

Currently, Coinmotion users have access to 10 popular cryptocurrencies, including Bitcoin (BTC), Ether (ETH), Chainlink (LINK), Uniswap (UNI), and Ripple (XRP). The expanded range of assets is expected to be introduced soon, catering to an increasing number of crypto enthusiasts and investors.

Strengthening Market Presence in Scandinavia

Antti-Jussi Suominen, CEO of Coinmotion, emphasized the company’s goal to establish a strong foothold in the Nordic cryptocurrency market. “We are experiencing a surge in customer demand as more people embrace cryptocurrency investments,” he said. The partnership with Bitpanda is set to reinforce Coinmotion’s position as a leading crypto broker in Finland and the broader Scandinavian region.

Lukas Enzersdorfer-Konrad, CEO of Bitpanda Technology Solutions, noted, “By partnering with Coinmotion, we are offering the largest selection of cryptocurrencies in the Nordic region. Together, we are driving innovation in the digital assets space while maintaining the highest security standards.”

Bitpanda’s Expanding Collaborations with Financial Institutions

Based in Vienna, Austria, Bitpanda is a prominent European cryptocurrency provider with over five million users. Its cloud-based infrastructure, Bitpanda Technology Solutions (BTS), is designed to support high transaction volumes and is customizable to suit the needs of various partners, including financial institutions, fintech companies, and crypto exchanges.

Bitpanda has been actively forming partnerships with major financial institutions. Recently, on August 19, the National Bank of Ras Al Khaimah (RAKBANK) in the United Arab Emirates teamed up with Bitpanda to develop a digital asset management platform, aiming to provide a more efficient and secure financial management system for its customers.

Earlier this year, Bitpanda partnered with Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) in Austria to introduce crypto trading services to its clientele. In addition, on June 4, Bitpanda secured a significant partnership with Deutsche Bank, one of Germany’s largest banks, to streamline deposits and withdrawals in traditional currencies by accessing German IBANs, enhancing the user experience for its customers.