Coinmotion, a Finnish cryptocurrency broker, has expanded its offerings through a partnership with Bitpanda Technology Solutions, a crypto infrastructure provider. This collaboration will allow Coinmotion to increase its range of cryptocurrencies from 12 to over 400 digital assets. By leveraging Bitpanda’s infrastructure, Coinmotion aims to improve the user experience on its platform and enhance revenue. Coinmotion users currently have access to popular cryptocurrencies like Bitcoin, Ethereum, Chainlink, and Uniswap, with plans to introduce a wider selection in the near future.
The CEO of Coinmotion, Antti-Jussi Suominen, noted a surge in customer demand for cryptocurrency investments, leading to this partnership with Bitpanda. By expanding its presence in Scandinavia, Coinmotion solidifies its position as a key player in the Nordic crypto market. The partnership with Bitpanda allows Coinmotion to offer the largest selection of cryptocurrencies in the region, driving innovation in the digital assets space while maintaining high security standards.
Bitpanda, based in Vienna, Austria, is one of Europe’s largest crypto providers with over five million users. Its cloud-based infrastructure, Bitpanda Technology Solutions (BTS), provides a user-friendly platform for digital assets to over 25 million potential users across Europe and beyond. BTS’s infrastructure is customizable to meet the needs of various partners, attracting financial institutions, fintech companies, and crypto exchanges. Recently, the National Bank of Ras Al Khaimah (RAKBANK) in the UAE partnered with BTS to develop a digital asset management platform, recognizing the potential of digital assets to transform financial services.
In addition to the partnership with RAKBANK, Bitpanda has collaborated with other major financial institutions like Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien) and Deutsche Bank. These partnerships have allowed Bitpanda to expand its reach and offer crypto trading services to a broader audience. The partnership with Deutsche Bank also enables Bitpanda to streamline deposits and withdrawals in traditional currencies by gaining access to German IBANs, providing a seamless user experience for its clients.
Overall, the collaboration between Coinmotion and Bitpanda Technology Solutions signifies a significant advancement in the digital assets space, particularly in the Nordic region and beyond. As more financial institutions and crypto providers partner to offer innovative solutions in the realm of digital assets, the industry is poised for further growth and adoption. By leveraging each other’s strengths and infrastructure, Coinmotion and Bitpanda aim to drive innovation, enhance security, and meet the evolving needs of cryptocurrency investors and users.
