Finst

Finst is a Netherlands-based custodial crypto exchange headquartered in Amsterdam, offering retail and institutional investors access to 340+ cryptocurrencies under a flat 0.15% trading fee. The platform received a full Crypto-Asset Service Provider licence from the Dutch Authority for the Financial Markets (AFM) under the EU's MiCAR framework in July 2025, enabling it to serve users across 30 European countries. In November 2024, Finst raised capital at a €70M valuation and acquired key assets from Anycoin Direct, a Dutch crypto broker with over a decade of operating history, expanding the combined user base to approximately 500,000 investors.

Security

• Custody is managed through Fireblocks using Multi-Party Computation (MPC) technology with hardware isolation — private keys are never held in a single location, limiting exposure to both external attacks and internal threats
• Client digital assets are segregated from Finst's company assets on a 1:1 basis; the platform does not commingle user holdings with operational funds
• Finst was the first Dutch exchange to complete an independent Proof of Reserves audit, conducted by AuditNow, providing on-chain verifiable confirmation that all client balances are fully backed
• Two-Factor Authentication (2FA) is required by default; login uses device pairing combined with PIN or biometric authentication
• A closed-loop withdrawal system restricts outbound transfers to pre-approved accounts only
• KYC verification is required for all users

Regulation

• Licensed as a CASP under MiCAR by the Dutch Authority for the Financial Markets (AFM) since July 2025
• Also registered with De Nederlandsche Bank (DNB)
• The MiCA licence provides EU passporting, authorising Finst to serve users across all 27 EU member states and EEA countries without separate national licences
• Listed on the French AMF whitelist as an authorised crypto-asset service provider

Availability

Finst serves retail and institutional clients in 30 European countries, including Germany and France. Users outside the EU and EEA — including those based in the US and UK — are not currently supported.

Incident History

No major security incidents or data breaches have been publicly reported for Finst. The platform holds a Trustpilot rating of 4.3 out of 5 stars based on several hundred reviews. Some users have noted that dynamic network withdrawal fees can exceed typical on-chain rates.