Finst bags €8m to fuel EU staking and expansion push
Finst raises €8m Series A to expand its AFM‑regulated crypto platform across 30 EU countries, grow staking with higher yields, and broaden assets as majors trade lower.
- Finst closed an €8m Series A led by Endeit Capital, lifting total funding to €15m alongside backers including Spinnin’ Records founder Eelko van Kooten and DEGIRO co‑founder Mark Franse.
- Launched in 2023 and licensed by the Dutch AFM, Finst plans to scale across 30 European markets, expanding staking coverage, asset lists, and products for institutional and professional users.
- The raise lands as Bitcoin, Ethereum, BNB, XRP, Solana, TRON, Dogecoin, Cardano dip on the day, while Bitcoin Cash stands out with gains against a broadly red market.
Dutch crypto platform Finst has raised €8 million in a Series A round that positions the young exchange for an aggressive push across Europe, even as leading digital assets trade lower over the past 24 hours.
Funding round and investors
The €8 million Series A was led by Amsterdam-based growth investor Endeit Capital, with participation from existing backers Eelko van Kooten, founder of Spinnin’ Records, and Mark Franse, co‑founder of online broker DEGIRO. This latest round lifts Finst’s total financing to €15 million since launch.
Finst, founded in 2023, is authorised as a cryptocurrency service provider by the Dutch Authority for the Financial Markets (AFM), allowing it to serve both retail and institutional clients across 30 European countries. The company says the fresh capital will underpin a broader European rollout at a moment when MiCA regulation begins to crystallise competitive moats for compliant platforms.
Expansion plans and product focus
In a statement, the company said the new funding will be used “to expand into the European market” and to build out “new products and services.” This includes “expanding staking coverage with market‑leading rates, increasing asset options and platform features, as well as developing more product lines for institutional and professional users.”
That roadmap suggests a dual focus: deeper yield products aimed at retail and a more sophisticated suite for professional and institutional accounts. With AFM oversight already in place, Finst is effectively betting that regulated staking and broader asset coverage will attract users disillusioned with off‑shore venues.
Market backdrop and crypto prices
The raise lands against a choppy market session for major tokens. On ChainCatcher’s own ticker, Bitcoin (BTC) was recently quoted at 88,598.99 dollars, down 2.94% over the last 24 hours, while Ethereum (ETH) traded at 2,937.65 dollars, off 5.66% in the same period. Binance’s BNB token stood at 868.18 dollars, down 5.15%, with XRP (XRP) at 1.89 dollars (‑2.22%) and Solana (SOL) at 127.00 dollars (‑1.80%).
Other large caps were also in the red: TRON (TRX) changed hands at 0.2954 dollars (‑2.60%), Dogecoin (DOGE) at 0.1228 dollars (‑2.17%) and Cardano (ADA) at 0.3537 dollars (‑1.50%). One notable outlier was Bitcoin Cash (BCH), which traded at 591.50 dollars, up 2.23% over the past day.
