The rapidly growing crypto platform Finst has acquired the operations of its industry peer, Anycoin Direct, bringing in half a million new customers.
This strategic acquisition strengthens Finst’s position in The Netherlands and in the European crypto market, supporting its ambitions to become a leading player since its founding in 2023.
Strong growth and expanded services at Finst
Since launching in the Netherlands, Finst has achieved a 400% increase in trading volume over the past year. The platform has steadily expanded its offerings and currently provides over 240 different cryptocurrencies. Customers also have access to additional services, including staking and diversified investment through crypto bundles, creating an attractive package for both new and existing investors. Finst’s valuation recently rose to €70 million, bolstered by new capital raised to support continued growth.
A new home for Anycoin Direct customers
Founded in 2013, Anycoin Direct serves over 500,000 customers across the Netherlands, Germany, and Austria. Existing Dutch and Belgian customers will now have the opportunity to migrate to the Finst platform, where they can benefit from lower trading fees and an enhanced user experience. Although the Anycoin Direct platform will remain operational temporarily to ensure a smooth transition, the shift to Finst ultimately offers customers improved services.
“We are excited to welcome Anycoin Direct’s users,” said Julien Vallet, CEO of Finst. “This acquisition is a crucial step in our mission to become the largest and most trusted crypto platform in Europe. By joining forces, we can expand our transparent crypto offering and continue to provide the lowest fees in the Netherlands with no added costs to users. We also actively support consolidation within the European crypto market and remain open to further collaborations.”
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MiCAR and European market consolidation
The European crypto market is on the verge of significant consolidation. The Markets in Crypto-Assets Regulation (MiCAR) enforces strict compliance requirements on crypto providers, adding substantial regulatory costs. This pressure has led smaller companies to seek partnerships or mergers to enhance their competitive edge and scale.
In addition to Finst and Anycoin Direct, other major crypto firms are also partaking in this wave of consolidation. Recently, Kraken acquired Dutch broker Bitcoin Meester (BCM), while Coinmerce acquired BLOX. MiCAR further enables major U.S. firms like Coinbase and Kraken to expand into European markets, as they can operate in all EU countries with a single harmonized license. For European firms, mergers strengthen their position against these larger players, allowing them to increase their market presence and impact.
With this acquisition and further consolidation plans, Finst is underscoring its intent not only to become a dominant player but also to remain a reliable and transparent crypto service provider for European investors.
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