Coinmotion Expands Crypto Offerings through Strategic Partnership with Bitpanda
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Loading... - Griffin Abbie
- 30 Aug 2024
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Finnish cryptocurrency broker Coinmotion has announced a significant partnership with Bitpanda Technology Solutions, a leading crypto infrastructure provider. This collaboration will enable Coinmotion to expand its cryptocurrency offerings from 12 to over 400 digital assets, enhancing its platform's user experience and revenue potential.
By leveraging Bitpanda's infrastructure, Coinmotion will offer its customers advanced liquidity and secure custody services, further solidifying its position as a Nordic crypto leader. The partnership will also enable Coinmotion to cater to the growing demand for cryptocurrency investments, with users already having access to 10 popular cryptocurrencies, including Bitcoin, Ether, and Ripple.
Coinmotion's CEO, Antti-Jussi Suominen, highlighted the surge in customer demand for cryptocurrency investments, driving the need for a more comprehensive offering. This partnership will not only strengthen Coinmotion's market dominance in Finland but also pave the way for expansion across the Scandinavian region.
Bitpanda, an Austrian-based company, has established itself as a major European crypto provider, with over five million users. Its cloud-based infrastructure, Bitpanda Technology Solutions, provides user-friendly infrastructure for digital assets to over 25 million potential users across Europe and beyond. The company has already partnered with several major financial institutions, including the National Bank of Ras Al Khaimah, Raiffeisenlandesbank Niederösterreich-Wien, and Deutsche Bank, to develop digital asset management platforms and introduce crypto trading services.
The partnership between Coinmotion and Bitpanda marks a significant milestone in the growth of the cryptocurrency market in Scandinavia. As the demand for cryptocurrency investments continues to rise, this collaboration will provide users with a more comprehensive and secure platform for managing their digital assets.
