Finst collaborates with CoinDesk Indices to become the first crypto platform to offer the CoinDesk 20 in EU
With this collaboration, European investors can now gain exposure to the CoinDesk 20 Index using Finst Crypto Bundles and broadly invest in the crypto market in one click.
Finst, one of the largest crypto service providers in The Netherlands and known for its revolutionary Crypto Bundles, today announced a collaboration with CoinDesk Indices, a leading provider of digital assets indices since 2014, to offer the CoinDesk 20 Index on its platform. The CoinDesk 20, a broad-based digital asset benchmark, is now available to both retail and institutional investors using the Finst Bundles solution.
Launched in January 2024, the CoinDesk 20 addresses the growing demand for diversified exposure to the crypto market. For those searching beyond bitcoin, the CoinDesk 20 is a broad-based index that tracks the performance of top digital assets, representing approximately 90% of the global crypto market capitalization*. Designed for scalability, the CoinDesk 20 has already been adopted by leading market-making firms and global market participants, generating $7 billion in perpetual futures volume over the past eight months.
Investors looking for a passive solution in the crypto market can now make use of the CoinDesk 20 Bundle on the Finst platform without any minimum amount and with very low fees. The CoinDesk 20 Bundle also features an automatic rebalancing every quarter, enabling investors to stay in line with the performance of the overall market without taking any action.
"We believe that passive investing in cryptocurrencies will play a crucial role in the future of digital assets. Currently, there are only limited alternatives for investors wanting to diversify their crypto investments effortlessly, and we’re proud to bring this unique solution in Europe together with CoinDesk Indices." —Julien Vallet, CEO & Co-Founder of Finst
"With the CoinDesk 20 already establishing a strong foothold in institutional liquidity, we are excited that Finst is now making this diversified index accessible to the broader European public. This marks a significant step in expanding the reach of our market-leading indices, bringing greater transparency and opportunity to investors across the region." —Alan Campbell, President of CoinDesk Indices
For more information, please visit the CoinDesk 20 Bundle page.
*As of 7/31/2024. The digital asset market is represented by the CoinDesk Market Index (CMI).
About Finst
Finst is one of the leading cryptocurrency providers in The Netherlands and offers a best-in-class investment platform together with institutional-grade security standards and 83% lower trading fees. Finst is led by the ex-core team of DEGIRO and is registered as a Crypto Service Provider with De Nederlandsche Bank (DNB). Finst offers a full suite of crypto services including trading, custody, fiat on/off ramp, and staking for both retail and institutional investors.
About CoinDesk Indices
Since 2014, CoinDesk Indices has been at the forefront of the digital asset revolution, empowering investors globally. A portfolio company of the Bullish group, our indices form the foundation of the world's largest digital asset products. Known for their precision and compliance, flagships such as the CoinDesk Bitcoin Price Index (XBX) and the CoinDesk 20 Index set the industry standard for measuring, trading, and investing in digital assets. With tens of billions of dollars in benchmarked assets, CoinDesk Indices is a trusted partner. Discover more at coindeskmarkets.com.
Contacts
For media inquiries, please contact:
Finst:
Press - press@finst.com
CoinDesk Indices:
Casey Craig – casey@coindesk.com / Emma Martin coindesk@allisonworldwide.com
CoinDesk Indices disclaimer: CoinDesk is a portfolio company of the Bullish group. CoinDesk Indices, Inc. ("CDI") does not sponsor, endorse, sell, promote or manage any investment offered by any third party that seeks to provide an investment return based on the performance of any index. CDI is neither an investment adviser nor a commodity trading advisor and makes no representation regarding the advisability of making an investment linked to any CDI index. CDI does not act as a fiduciary. A decision to invest in any asset linked to a CDI index should not be made in reliance on any of the statements set forth in this document or elsewhere by CDI. All content contained or used in any CDI index (the "Content") is owned by CDI and/or its third-party data providers and licensors, unless stated otherwise by CDI. CDI does not guarantee the accuracy, completeness, timeliness, adequacy, validity or availability of any of the Content. CDI is not responsible for any errors or omissions, regardless of the cause, in the results obtained from the use of any of the Content. CDI does not assume any obligation to update the Content following publication in any form or format. © 2024 CoinDesk Indices, Inc. All rights reserved.
