Coinmotion - Domestic cryptocurrency broker

Cryptocurrencies
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Let’s open a dedicated thread for Coinmotion and its users!

Coinmotion is a Finnish cryptocurrency broker that offers individuals and businesses the opportunity to buy, sell, and store various cryptocurrencies. Coinmotion Oy is a registered virtual currency service provider regulated by the Financial Supervisory Authority (Finanssivalvonta), which also holds a payment institution license granted by the Financial Supervisory Authority.

If you are interested in Coinmotion as a company or service provider, I recommend watching the interview with Coinmotion’s Sales Director Aki Kola on InderesTV. The video also discusses a lot about Bitcoin and crypto investing in particular:

According to Coinmotion itself, their selection of nearly 300 different cryptocurrencies is the largest in the Nordics. They have over 150,000 users, and the company markets its service as user-friendly and secure. In the Coinmotion app, you’ll find everything you need for secure crypto investing in one place: through the service, you can invest, save, diversify, store, and manage your tax matters. Additionally, the service allows you to create a monthly savings plan, among other things, and you can utilize ready-made crypto portfolios compiled by the company’s experts to get started.

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And let’s not forget the investor’s perspective! Coinmotion (formerly Prasos) has raised crowdfunding on several occasions through Invesdor, and through that, many owners can probably be found on this forum as well. Osaketori.net has buy and sell listings for the company’s shares, and previously trading could be done through Privanet, but that marketplace unfortunately closed.

Disclaimer: I personally own Coinmotion shares, and for me, they are an alternative to owning Bitcoins directly. As an option/risk, there is the option that the company could increase its trading volumes, which would leave a more substantial profit from operational activities (scalability is excellent). Business risk must also be considered if data security were to fail or if the company’s operational performance otherwise deteriorated, in which case they would start to significantly erode their own balance sheet.

I don’t have time to write more specifically about Coinmotion as an investment at this point, but through the Inderes x Coinmotion collaboration, that famous ‘someone’ from Coinmotion could certainly elaborate on Coinmotion as an investment :wink:

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Hello everyone,

I am Antti Savolainen from Coinmotion. I have been following the discussions on this forum for a long time, and my first crypto investments are roughly as old as this forum. I have truly appreciated the level of discussion on the forum, although I have mostly remained in a reader’s role until now. In the crypto world, I have often longed for discussions conducted in the style of traditional investing, without unnecessary hype, speculation, or other excessive viewpoints.

At Coinmotion, our team regularly engages in discussions with crypto investors and closely monitors market developments. This way, we have stayed up-to-date on what concerns investors the most. I am happy to participate in crypto-related discussions here, and you can also contact me directly. I will also occasionally share our market analysis here, which can be useful for investors when considering what to buy and when.

Whether your questions relate to Coinmotion’s services, the development of crypto markets, or even tax issues, let’s discuss them openly!

Best regards,

Antti Savolainen

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Here is Coinmotion’s comprehensive article on Bitcoin, which clearly explains Bitcoin. :slight_smile:

Trends and topics in the crypto world are constantly changing, but one topic remains year after year – the price of Bitcoin.

You will learn how Bitcoin’s value has developed, what factors influence its price development, and what Bitcoin’s price looks like currently.

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Hi!

I’ll summarize our thoughts on cryptocurrencies for the summer. First, Bitcoin has performed surprisingly well in a challenging geopolitical situation. This is supported by a large number of positive news items about cryptocurrencies, for example: Texas is now the third state with a Bitcoin reserve. It’s not a small player, as if Texas were an independent country, its economy would be the eighth largest in the world. Currently, 70 companies worldwide own over 100 Bitcoins, and over 140 publicly traded companies have adopted a Bitcoin strategy. New companies are constantly announcing their Bitcoin strategies; I believe this craze won’t end anytime soon.

Cryptocurrencies and the Traditional Financial System:

When I went to the bank to apply for a loan for a construction project, I was asked about my assets. I told them about my cryptocurrencies, but according to the bank, these assets did not affect the assessment because they were “air” to them. In the same week, a federal housing finance agency in the United States is investigating how crypto assets could be considered in connection with mortgages. Perhaps we are still a few years behind in the adoption of cryptocurrencies.

The use of stablecoins, such as USDC, has grown in payments and fund transfers due to their ease and speed, both domestically and globally.

Negative Drivers:

Trump’s tariffs and a potential rise in oil prices due to the Middle East situation are causing upward pressure on inflation. Of course, the escalation and expansion of the war would cause much more unpleasant and unpredictable consequences.

Longer-term Thoughts:

The total market capitalization of cryptocurrencies has grown significantly: 0.5 trillion in 2017, 2.6 trillion in 2021, and now 3.24 trillion. Cryptocurrencies have become socially acceptable, especially in the American investment markets. It’s hard to believe that the peaks of this cycle would be relatively only slightly larger than the previous peak in 2021.

In this cycle (if clear cycles still exist), major players are involved. Previously, cycles were driven by private investors. We are close to a time when major Western states may start acquiring cryptocurrencies. As a result, more Bitcoins are being bought through ETFs alone than are created through mining. Bitcoin was initially available to a very small group; it has become an opportunity for increasingly larger players. This development is unlikely to stop here, as the first significant Western states are just about to start owning and acquiring more Bitcoin for their reserves.

Altcoins have remained quiet so far, with Bitcoin setting the direction. In traditional investing, major players rise first, then returns are sought from riskier assets, and the cycle ends with late-stage speculation. Currently, this phenomenon is not visible in cryptocurrencies; instead, Bitcoin has been strong.

The crypto markets currently have a waiting atmosphere. Although there has been good news for cryptocurrencies, the situation in the Middle East, as well as the unpredictability of Trump and other global actors, create uncertainty.

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This is not surprising. Who would accept crypto as collateral for a debt, which anyone can create at will? Someone owes you a hundred and offers 100 units of sh1tc0in69 as payment. They created the crypto, are its sole owner, and show you a graph where their three wallets have exchanged crypto among themselves and the price trend is rising. Would you accept?

The only benefit of cryptocurrency is the amount of money you get from it, if you manage to sell the crypto to someone and the transaction is technically possible to execute. The value determinant is therefore fiat currency. The bank would probably have been more favorable if you had sold your crypto and presented the value as account assets.

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It is true that the style above is used, unfortunately familiar especially in scams. It’s worth monitoring what kind of owner base, trading volume, market capitalization, and overall history the crypto has. In serious cryptocurrencies, their creation and release rate are pre-documented, and they cannot be created more at will.

If I had all the power & might of a sovereign lender, I would not accept sh1tc0in69 as collateral. Nor would I consider it as part of my assets. But if Bitcoin were offered as collateral at 50% of its collateral value, which would be automatically liquidated when collateral values drop, then as a lender, I might even accept it. I would accept Bitcoin for the assessment of wealth and buffers, just like individual stocks, as it is sellable 24/7/365.

The tax implication of selling is a reason for many why it would be preferable to use cryptocurrencies as collateral rather than selling them, or for them to even be considered in buffers/savings.

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Hi everyone!

I was browsing social media and came across three interesting images related to Bitcoin. The images offer slightly different perspectives and perhaps even new ideas concerning Bitcoin. And why is this timely? Well, Bitcoin has reached its price peaks in both euros and dollars during the summer.

Ibit broke the record as the fastest ETF to gather 80 billion. Ethereum ETFs have also absorbed capital.
Näyttökuva 2025-07-25 kello 14.41.53

Bitcoin’s yearly highs and lows are approaching, and both show a nice upward trend.

Näyttökuva 2025-07-25 kello 14.36.58

This chart clearly shows how much Bitcoin has been created and how its mining is defined in the future.

Näyttökuva 2025-07-25 kello 14.35.41

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Hi,

I watched Nordnet’s Traders Club, which was published last Wednesday. In the episode, it was stated that Bitcoin is strong, but it’s good to note the rather long duration of this cycle compared to previous cycles. It was also mentioned that regarding Bitcoin, one should follow what is happening in the United States, as the largest banks are now adding Bitcoin to their offerings. According to Jukka, this trend will likely also come to Europe.

Trump’s campaign had a strong crypto focus, and concrete actions have emerged. Last week, the White House crypto report and the SEC’s “Project Crypto” initiative were published, aiming to make crypto trading clearer and easier. As a third action, U.S. President Donald Trump signed an Executive Order on Thursday, which more freely allows alternative investments such as private equity, real estate, and cryptocurrencies for U.S. 401(k) retirement accounts.

Key Points of the White House Crypto Report:

  1. Regulatory Responsibility: The report proposes that regulatory responsibility for crypto and digital assets be divided between the CFTC and the SEC. Crypto assets classified as commodities would be under CFTC oversight, while tokens and crypto assets classified as securities would fall under SEC oversight. Additionally, clear definitions for the classification of commodities and securities are desired to avoid lengthy legal battles like those involving Ripple.
  2. Banking Regulation: The report recommends easing and clarifying banking regulation. Banks should be able to hold crypto assets and offer crypto services, and the bank licensing process should be simplified.
  3. CBDC Anti-Surveillance State Act: The report recommends that Congress pass CBDC legislation that would prevent the development of a central bank digital currency. In Europe, this is developing in a different direction with the digital euro project.
  4. Taxation: It is recommended that crypto taxation take into account the unique characteristics of digital assets, such as staking.

Key Points of the SEC’s Crypto Project:

  1. Modernizing Securities Legislation: The project focuses on updating outdated rules and regulations to enable crypto-based trading. The goal is to leverage the potential of blockchain technologies in securities markets and reduce unnecessary intermediaries.
  2. Facilitating Licensing Regulation: The initiative proposes that intermediaries could offer multiple asset classes or financial instruments under a single license. This would facilitate market access for various actors and support their operations.
  3. Supporting Innovation: The SEC proposes regulatory exemptions or transition periods for early-stage crypto projects, ICOs, and decentralized applications. The aim is to give these projects space to innovate without fear of legal repercussions.

These actions and initiatives are steps towards realizing President Trump’s vision of the United States becoming the world’s “crypto capital.”

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Coinmotion Expands Operations to Sweden:

Our Swedish operations will be led by Christer Ekman, who has a long history in digital marketing, e-commerce, and financial technology. Christer has been involved in crypto investing since 2017. His goal is to make crypto investing as straightforward for Swedes as investing in stocks and funds.

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Here is a comprehensive article about stablecoins from Coinmotion. :slight_smile:

Cryptocurrency values can fluctuate wildly, but there are also tokens that aim to keep their value stable. These are called stablecoins, or, freely translated, stable currencies. In this article, you will learn what stablecoins are and what their purpose is.

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Here’s a video from Coinmotion from a few months ago. :slight_smile:

So, it’s about Bitcoin and state actors, a topic that has been much discussed lately.


00:00 What has happened in a year? 03:40 What is a Bitcoin reserve? 13:40 Bitcoin’s reserve is small compared to gold 19:10 Cynthia Lummis’s bill (Bitcoin act) 27:30 How to approach Bitcoin reserves? 33:15 Which other countries are interested in Bitcoin reserves? 35:40 How widely can this change things? 46:15 What about Finland? 52:20 Bitcoin monetized at record speed 60:00 How can additional acquisitions for reserves be made? 63:10 When will the first big player acquire Bitcoin?

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Here’s a fresh interview with Coinmotion’s CEO Antti-Jussi Suominen, filmed this morning! :slight_smile:

00:00 CEO introduction

01:05 Relationship with crypto

02:40 What Coinmotion does

03:30 Is Bitcoin so unique

05:43 CEO role

09:30 Swedish market

12:15 Fluctuation in sales and profit

15:50 Trading vs. Hodling

19:07 Treasury strategy

21:14 When will you list

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Good stuff, thanks!

I own a small slice of Coinmotion. I consider it important to mention that everyone understands I have a vested interest.

I think it’s good that expertise in this field is growing in Finland and Europe. I still see the future of cryptocurrencies as somewhat unclear, but their visibility and monitoring, at least in the news flow, are already so extensive that the probability of them becoming established is no longer necessarily zero. You only need to turn on the TV, and at least the value of Bitcoin appears on the ticker right after gold and oil. I think it’s a positive thing that the only options for service providers for private, institutional, and governmental actors are not American or outside Europe.

You asked @Verneri_Pulkkinen in the interview about monetization, which currently relies on trading fees. This is a very relevant question, as wasn’t one of the core ideas of the whole thing (mainly Bitcoin) to get rid of banks, intermediaries, and credit card companies, which always take their own, ever-growing, slice from the movements and storage of fiat currency?

When considering the monetization of cryptocurrencies, services related to storage, regulation, tax reporting/planning, etc., come to mind – largely the same as with fiat currencies. If one thinks big and considers whether these could challenge Nordea in the coming decades, then probably only the loan market is where expansion, in the big picture, could shake up the order of the financial world. Cryptocurrencies can already be used as collateral for loans, but do you think one can speculate with the idea that in decades, the loan/credit market would have increasingly shifted to cryptocurrencies? First, perhaps small consumer loans, a few crises from usury, and then more established, regulated activity through regulation…

I find the idea fascinating – I apply for a mortgage (mainly) from a domestic bank, and, for example, a stock portfolio serves as collateral for the loan. If a crypto portfolio is used as collateral for a loan, a smart contract could be made, even in stablecoin terms, with other actors. Anyone – an individual or a company – anywhere and anytime can grant a loan. The interest rate is not determined locally but globally. If this were to spread, what impact would it have on financial markets (and banks, which seem to consider it a winning strategy to put all their eggs in the basket that this won’t happen)?

A fascinating thought, that the loan you use to buy your home might in the future be granted by an African rock star, or you yourself might finance an American student’s credit card usage.

I asked AI what kind of price I would get for money if I had managed to save a crypto portfolio the size of one Bitcoin. This is what came back:

” Summary
• Bank loan against Bitcoin in Finland: practically not possible.
• On CeFi platforms: 30–60% of BTC’s value, interest rate 5–12%/year.
• In DeFi protocols: 30–50%, interest rate 2–5%/year, but higher technical risk.

:right_arrow: In practice, you would get approximately €20,000–30,000 in loans against one Bitcoin, if you are willing to take the liquidation risk and accept the terms of the crypto service.”

Bonus question: if a crypto-positive scenario were to materialize and Coinmotion were listed on the stock exchange, which Finnish bank would most likely buy it out as part of its own business? :slight_smile:

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One can speculate, one can always speculate! :smiley:

Everything is possible, but at least a few problems come to mind.

-Counterparty risk. For some reason, perhaps a good one, the modern banking sector is the bureaucratic, heavily regulated behemoth it is today. Despite collateral, loans can go unpaid. Why would crypto lenders manage risk better? And should, for example, a brokerage business, which ties up little capital, enter the lending business where return on capital is modest and differentiating factors are few?

-Consumer-to-consumer lending. In the early 2010s, there was a big hype around peer-to-peer lending platforms. Many went bust or turned into slow-moving banks like the current Alisa Bank (formerly Fellow Finance). Once again, centralized and supervised lending has its advantages.

-As I understand it, the advantage of fiat currencies in a debt-based economy is their stability. And if their value changes, it rather weakens. If loans are nominally in cryptocurrencies, the thought that the loan’s value could double overnight would be terrifying. :smiley: Or the thought that the loan’s value could halve overnight would be tempting. In any case, a steadily depreciating fiat currency is a safer way to incur debt than volatile cryptocurrencies.

Of course, as I understand it, for now, in lending, cryptocurrencies are collateral and the loan itself is in dollars, euros, etc. I don’t know the field very precisely, though.

There’s budding irony in the air here, as I understand it, cryptocurrencies are some kind of protest in line with the zeitgeist against fiat money, regulation, state indebtedness, and flimsy banks. Now, the involvement of state power is wonderful, and crypto players are already being fitted for a banker’s robe. :smiley:

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Bitcoin in 2009 is not the same as Bitcoin in 2025. It is a rapidly developing technology that has also branched out in numerous different directions over the years. Nowadays, even the word cryptocurrency doesn’t properly describe the entire crypto sector.

For example, the title of Bitcoin’s white paper is “Bitcoin: A Peer-to-Peer Electronic Cash System,” but Bitcoin’s value today is not primarily based on its use as a digital payment system. Over the years, it has grown into a reserve asset resembling digital gold. Of course, the possibility of using bitcoins for payments + lightning networks and such are part of the whole package, but only a part.

As for banks and Bitcoin; even if all bitcoiners were still cypherpunks and End The Fed anarcho-capitalists, there still needs to be a link between the fiat world and the Bitcoin world somewhere. In the very early stages, P2P trading was also done, and it is still theoretically possible, but it doesn’t work in practice.

Due to a million different bank regulations, AML/KYC regulations, and other practical considerations, operators like Coinmotion are needed to facilitate the transition from the fiat world to crypto. Once you’ve entered the crypto world, you can operate without centralized actors in DeFi and also swap bitcoins directly from one blockchain to another, if you wish.

The fact is, however, that early-stage cypherpunks and other anarchists are now in the minority. Especially in recent years, Bitcoin has become a “socially acceptable” investment, and millions of investors will never even touch the blockchain itself. Not to mention knowing how it works. For them, a Bitcoin ETF or futures, or even a stock like Strategy, is enough.

A growing number of investors don’t care one bit about opposing banks or what happens on the Bitcoin blockchain. They just want to make money from Bitcoin’s price development. If Bitcoin died tomorrow, they would simply move on to the next investment.

Everyone can, of course, view Bitcoin from whatever perspective they wish.

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Yes, the field is new to me too, but it’s fun to speculate. Your guests can then answer :slight_smile:

Counterparty risk:

I don’t have a definite understanding of how this truly works, but I’ve understood that if, for example, one Bitcoin from me is used as collateral for a loan - I cannot sell or transfer it. I get a loan of, say, 50k€ against it (even as a stablecoin like USDT) and the liquidation threshold is 60k€ - if that threshold in Bitcoin’s value is breached and I haven’t deposited more collateral, then it automatically goes up for sale via a smart contract, and the stablecoins are returned to the lender. This is in contrast to, for example, an apartment, which can take years to sell, or a stock portfolio, which the creditor cannot liquidate without at least some process. In a liquid asset class like Bitcoin currently is, this could at least theoretically work. So the advantage would be that a smart contract would be tremendously more efficient in liquidating collateral if needed.

That “trust market” is indeed another interesting dimension that hasn’t yet extended to finance, but damn it, it’s already elsewhere. It’s probably only a matter of time before it reaches the financial market too. I’m an old man, but I remember from my youth that jumping into a stranger’s car was something that was mostly warned against. I recently talked to a 16-year-old who told me he had traveled by Uber with a stranger 90 times in a year - convenient for school and hobby trips. Quite unheard of in my youth.

The difference from the past is an app that tells you who is driving the car and how many stars they have from how many rides. Similarly, on online buying and selling platforms, stars tell both the buyer and the seller about the counterparty’s reliability. The star ratings of lenders and borrowers - these seem to be still mainly the preserve of institutions within their own ecosystems, but will this always be the case, and what if they become mainstream and accessible to consumers too?

Peer to peer lending:

I remember this, and I myself joined Fellow Finance, and after a few years of investing, the reward was roughly the capital back. I wouldn’t join again, but if such “automatic” liquidation when the collateral value falls below a certain point had been possible, it would indeed have been a potential game-changer.

Fiat currency stability:

The stability of fiat currency probably depends a bit on where one happens to live in the fiat region. From a Western perspective, it’s easy to think that all would be very stable, but a significant portion of the world’s population lives in areas where things are not like this. A few hundred million Europeans and Americans versus billions of middle-class Asians and Africans. In a global context, for example, in the loan market, the huge gaps in these regional differences and the threats and opportunities they create are, in my opinion, interesting. When you put this into the context of individuals, companies, and state actors - wow. What are the Americans really planning to do with their crypto reserves :slight_smile:

You probably said in fifteen minutes that you’d be surprised if nothing exceptional happens in the next five years. I agree, and I asked AI to compile a list of the 10 largest fiat currencies by population and put their 12-month volatility and inflation in the table. It still looks quite stable in this TOP list (Turkey was left out :)). However, the next time something happens, which fiat’s stability it affects and how the crypto-native generation reacts to it is, in my opinion, an interesting point for reflection :slight_smile:

image

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Fair point.
In this, too, the time horizon is certainly the deciding factor. Neither the seashell, the squirrel pelt, fiat currency, nor even cryptocurrency is the same store of value or medium of exchange it was when it started. In this context, it is probably safe to guess that this is hardly an endpoint for the evolution of stores of value or mediums of exchange; just an intermediate stage from which we will move in direction x or y.

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The previous cycle was the smart contract platform cycle. At that time, it was possible to do something sensible with cryptocurrencies for the first time, and the entire DeFi sector was born. This cycle (2023-2026) has again been entirely a regulation cycle. It feels like nothing else is being reported anymore except US regulation, the Trump administration, ETFs, Treasury firms, etc.

If I had to guess now, I would say the next cycle will be an integration cycle. That is, Bitcoin (and cryptocurrencies more broadly) will integrate more and more into the traditional financial system. In my opinion, Bitcoin’s role seems to have solidified very strongly in recent years, and I don’t believe there will be significant changes to it. Bitcoin will likely be seen as the same asset in 2030 as it is now.

Probably greater changes will be seen in the rest of the crypto market. For example, the operations of Ethereum or Solana are still very poorly understood, even by investors who have been investing in Bitcoin for years and are slowly beginning to understand its value formation.

Not to mention millions of other cryptocurrencies. Only now is Bitcoin slowly starting to enter the consciousness of the TradFi crowd (and it’s good that it has, about time).

Another big sector will certainly be the combination of artificial intelligence and cryptocurrencies. For example, AI agents were briefly prominent in this cycle too, but that boom came and went in a couple of months.

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Coincidentally, today I ended up browsing that Osaketori, and my interest in Coinmotion was rekindled. Would anyone here happen to have any of the company’s annual reports or similar investor-oriented