Finst continues to expand its platform with new cryptocurrencies and innovative investment products.
Today, the company announced the addition of 35 new coins to its platform, bringing the total number of tradable cryptocurrencies to 170. This move caters to the growing demand from investors for a broader selection of digital assets.
New cryptocurrencies and features on Finst
In addition to increasing the number of available coins, Finst allows users to vote on future additions via an “Upvote List.” This feature lets investors express their preferences and propose new cryptocurrencies, enabling Finst to tailor its offerings to customer needs.
For now, users can only trade the newly listed cryptocurrencies, as deposit and withdrawal functionalities to personal or hardware wallets are not yet available. However, Finst has indicated that these features will be rolled out at a later stage.
CoinDesk 20 bundle
One of Finst’s standout features is its “bundles,” allowing investors to invest in multiple cryptocurrencies with a single click. Since September, Finst offers a new bundle based on the popular CoinDesk 20 index, which tracks the performance of the 20 largest and most liquid cryptocurrencies on the market.
The CoinDesk 20 index is rebalanced quarterly to reflect changes in the crypto markets. In this index, bitcoin and ether hold prominent positions, with bitcoin accounting for up to 30% and ether up to 20% of the allocation. In addition to bitcoin and ether, the CoinDesk 20 at Finst includes 13 other coins, such as Solana, XRP, Cardano, Polkadot, and Chainlink.
CoinDesk 20 and Market Developments
The CoinDesk 20 index is one of the most widely used benchmarks for tracking the performance of the largest cryptocurrencies. It provides investors with a comprehensive overview of the broader crypto market without having to focus on a single coin. This makes the index popular among both novice and experienced crypto investors looking to diversify.
Finst’s addition of the CoinDesk 20 bundle comes at a time when both traditional and retail investors are showing increasing interest in crypto markets. The combination of bitcoin and ether, along with leading altcoins like Solana and Polkadot, makes the bundle an appealing option for those looking to benefit from the sector’s overall growth.
With the introduction of 35 new cryptocurrencies and the CoinDesk 20 bundle, Finst continues to expand its offerings and enhance the accessibility of crypto investments. Investors now have more choices and can take advantage of the growing crypto market in a user-friendly way. As Finst plans to add wallet functionalities and more coins in the future, it remains an attractive platform for anyone looking to step into the world of digital assets.
Read our full Finst review here.
