Kriptomat
Kriptomat (FintechX OÜ) is an Estonian-headquartered cryptocurrency exchange and custodial wallet platform serving 400,000+ European retail investors across 35 countries, now in orderly wind-down with services transitioning to Kraken by July 2026.
- Company typePrivate
- Founded2018
- HeadquartersTallinn, Estonia
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Kriptomat does
Kriptomat (legally FintechX OÜ) is an Estonia-headquartered cryptocurrency exchange and custodial wallet platform founded in 2018, serving retail crypto investors across 35 European countries with localized interfaces in 20+ languages and a stated emphasis on Central and Eastern European markets. The platform enables users to buy, sell, and trade 300+ cryptocurrencies across 1,000+ trading pairs via web and native iOS/Android apps, with funding through SEPA, credit/debit cards, PayPal, and Skrill. Its product suite includes Intelligent Portfolios (automated, monthly-rebalanced algorithmic portfolios across themed baskets such as DeFi, Smart Contracts, AI & Big Data, and MEME), KriptoEarn staking with reported APYs up to 14.3%, a Vault savings product, a Recurring Buy DCA feature, an Investment Explorer, and the Kriptomat Academy education platform. Underlying technology uses multi-signature wallets, cold storage for the majority of long-term holdings, wallet segregation, and ISO 27001:2022-aligned security with DORA-compliant operational resilience.
The company operates a transaction-fee revenue model combining a 1.49% base buy/sell fee, a 1.96% base spread, a 10% commission on staking rewards, and Intelligent Portfolio fees of 1% annual management plus a 10% performance fee and 0.25% rebalancing fee, supplemented by fixed SEPA transfer fees, inactivity fees, and account-closure fees. Kriptomat held an Estonian VASP license supervised by the Estonian Financial Intelligence Unit and maintained ISO 9001, 27001, 37001, and 37301 certifications. In December 2024 the company announced an orderly wind-down of operations and a transition of customer services to Kraken, with its Estonian VASP license remaining valid only until July 1, 2026; Kriptomat is not pursuing MiCA authorization. The company is privately held, with LAUNCHub Ventures as its sole disclosed institutional investor from a June 2021 round of approximately $2.6 million.
Kriptomat firmographics
Firmographics- Name
- Kriptomat
- Legal name
- FintechX OÜ
- Website
- https://kriptomat.io
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Kriptomat (FintechX OÜ) is an Estonian-headquartered cryptocurrency exchange and custodial wallet platform serving 400,000+ European retail investors across 35 countries, now in orderly wind-down with services transitioning to Kraken by July 2026.
- Ownership category
- akta.pro rank
Kriptomat industry classification
Industry- Product category
- Cryptocurrency Exchange
- NAICS
- Securities and Commodity Exchanges (52321)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Crypto Custody & Exchange Wallet Services (Integrated) (FSADAAAG)
- akta.pro secondary industries
- On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE), Centralized Crypto Lending Platforms (CeFi) (FSADAFAA)
Keywords
Where Kriptomat is headquartered
LocationHeadquarters
- HQ city
- Tallinn
- HQ country
- Estonia
- HQ region
- Europe
Offices1 record
Markets served
Kriptomat business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- Transaction Fees: Basic fee of 1.49% applied to buying with EUR or selling for EUR transactions. Dynamically calculated based on payment method, order value, market conditions, order type, and transaction history.
- Spread: Spread included in quoted prices ranging from 1.96% basic spread, varying by market conditions, asset liquidity, and order size. Additional spread may be added during high market volatility.
- Intelligent Portfolio Management Fees: 1% annual management fee calculated daily, 10% waterfall performance fee on new profits during rebalancing, 0.25% rebalancing fee on rebalanced portions, and 1% exit fee on withdrawals.
- KriptoEarn Commission: 10% commission deducted from staking rewards generated by the network. Users receive APY shown after commission deduction.
- SEPA Transfer Fees: Fixed €1 fee for EUR SEPA deposits and withdrawals.
- Account Administration Fees: Monthly inactive account administration fee of €7.99 applied to accounts inactive for 12 consecutive months. Manual account service fees of €15-€80 for manual processing during wind-down period. Account closure fees up to €80 for natural persons and €130 for legal persons.
- Crypto Withdrawal Fees: Variable withdrawal fees depending on blockchain network chosen, including blockchain (miner) fees for crypto asset transfers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Account Opening |
| Transaction based/ take rate | Pay-as-you-go | Basic Buy/Sell Fee |
| Transaction based/ take rate | Pay-as-you-go | Basic Spread |
| Transaction based/ take rate | Pay-as-you-go | EUR SEPA Transfers |
| Transaction based/ take rate | Monthly | Intelligent Portfolios |
| Transaction based/ take rate | Pay-as-you-go | KriptoEarn Staking |
| Subscription | Monthly | Inactive Account Fee |
| One time/ perpetual license | Pay-as-you-go | Account Closure Fee |
| Transaction based/ take rate | Pay-as-you-go | Manual Account Service Fee (post July 2026) |
| Transaction based/ take rate | Pay-as-you-go | Crypto Withdrawal |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels9 records
Kriptomat product offering
Product offeringCore offering
Kriptomat operates a regulated European cryptocurrency exchange and investment platform that enables individual users to buy, sell, and trade over 300 cryptocurrencies across 1,000+ trading pairs. The platform bundles custodial wallet services with automated investment products including algorithmic Intelligent Portfolios, on-chain staking (KriptoEarn), goal-based savings (Vault), and dollar-cost averaging (Recurring Buy). Users onboard through a self-serve flow with funding via SEPA, card, PayPal, or Skrill, and access the service across 35 European countries in 20+ languages.
Product overview
Kriptomat is a cryptocurrency exchange and investment platform providing a comprehensive suite of products for buying, selling, trading, and investing in over 300 cryptocurrencies. The platform operates as a unified ecosystem combining core trading functionality with intelligent investment tools. The core platform (Kriptomat Platform) enables buy/sell/trade operations across 1,000+ crypto pairs, supported by the Kriptomat Wallet for secure asset custody. Value-added services include KriptoEarn for staking rewards (up to 15% APY), Intelligent Portfolios for automated algorithmic investing with multiple strategy options, Vault for goal-based savings, and Recurring Buy for dollar-cost averaging. Additional features include Investment Explorer for strategy discovery, Price Alerts for market monitoring, Portfolio Analytics for performance insights, and Kriptomat Academy for educational content. The platform also offers business account services and community programs including affiliate, ambassador, and referral initiatives.
Differentiator
Problem solved
Functional benefit
Brands
- KriptoEarn: Crypto staking service allowing users to earn rewards on their crypto holdings with APY up to 15%
- Intelligent Portfolios
- Vault
- Recurring Buy (DCA)
Products and services
- Kriptomat Platform (Buy & Sell Crypto) Core cryptocurrency exchange enabling retail users to buy and sell 300+ cryptocurrencies with fiat (EUR) via SEPA bank transfer, credit/debit card, PayPal, and Skrill, with transparent transaction fees and spreads.
- Kriptomat Wallet
Quantifiable outcome
- Trusted by 400,000+ users across Europe
- +3 more outcomes
Companies that use Kriptomat
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Kriptomat technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
Kriptomat partnerships and signals
Strategic signalScale indicators5 records
Recent moves7 records
Kriptomat competitors and assessment
Company assessmentBroad incumbents
- Coinbase: Coinbase is the largest publicly listed US-based crypto exchange and custodian with global retail and institutional operations. It directly competes with Kriptomat in the European retail buy/sell/staking category but operates at vastly greater scale and regulatory footprint.
- Binance: Binance is the world's largest crypto exchange by trading volume, offering spot trading, staking, and a broad range of crypto products. It competes with Kriptomat across European retail markets and has greater liquidity, listings, and brand recognition.
- Crypto.com: Crypto.com is a global crypto exchange, app, and card provider serving retail customers across Europe and beyond. It overlaps with Kriptomat's core buy/sell/staking offering and competes in the European retail crypto market.
- OKX: OKX is a global crypto exchange offering spot, derivatives, and staking products to retail and institutional customers. It has growing European operations and competes with Kriptomat for cross-border retail crypto traders.
Direct peers
- Kraken: Kraken is a major US-headquartered crypto exchange with a strong European presence that offers spot trading, staking, and custodial wallet services. It is the most direct comparable to Kriptomat's offering and is actively absorbing Kriptomat's customer base via the announced service transition.
- Bitstamp: Bitstamp is one of the longest-standing European-licensed crypto exchanges (Luxembourg-based), offering retail and institutional trading in major cryptocurrencies. It competes directly with Kriptomat for European retail customers under a MiCA-aligned regulatory footprint.
- Bitpanda: Bitpanda is a Vienna-based European retail broker for crypto, stocks, ETFs, and precious metals, regulated under MiCA. It is a close direct competitor to Kriptomat in the simplified European retail crypto investing category.
- eToro: eToro is a multi-asset retail brokerage with a large crypto offering, social trading features, and European regulatory licenses. It competes with Kriptomat for retail crypto investors across Europe and offers a similar ease-of-use value proposition.
Emerging players
- Revolut: Revolut is a UK-based digital banking super-app offering buy/sell crypto alongside payments, banking, and investments to tens of millions of European customers. Its embedded crypto offering partially overlaps with Kriptomat's retail buy/sell/staking products.
Regional players
- Bitflyer: Bitflyer is a regulated crypto exchange operating primarily in Japan and Europe (Luxembourg). While focused on different primary geographies, it offers comparable spot trading and staking products to European retail customers under MiCA-aligned regulation.
Market position
Strengths1 record
Weaknesses2 records
Competitive moat3 records
Key highlights6 records
Customer concentration
Kriptomat social profiles
Digital presenceKriptomat compliance and trust
Trust signalCompliance7 records
Kriptomat financial estimates
Financial estimateRevenue estimate
Valuation estimate
Kriptomat leadership team
Management profileNumber of profiles
Profiles3 records
Kriptomat funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Kriptomat M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Kriptomat
What does Kriptomat do?
Kriptomat operates a regulated European cryptocurrency exchange and investment platform that enables individual users to buy, sell, and trade over 300 cryptocurrencies across 1,000+ trading pairs. The platform bundles custodial wallet services with automated investment products including algorithmic Intelligent Portfolios, on-chain staking (KriptoEarn), goal-based savings (Vault), and dollar-cost averaging (Recurring Buy). Users onboard through a self-serve flow with funding via SEPA, card, PayPal, or Skrill, and access the service across 35 European countries in 20+ languages.
Is Kriptomat a public or private company?
Kriptomat is a private company. It is classified as venture growth investor backed and is currently operating.
When was Kriptomat founded?
Kriptomat was founded in 2018. It employs 51 to 100 people.
Where is Kriptomat based?
Kriptomat is headquartered in Tallinn, Estonia, in the Europe region.
How does Kriptomat make money?
Seven revenue lines are on record. Transaction Fees are the primary driver. The others are spread, intelligent Portfolio Management Fees, kriptoEarn Commission, SEPA Transfer Fees, account Administration Fees and crypto Withdrawal Fees.
Who are Kriptomat's main competitors?
Broad incumbents on record are Coinbase, Binance, Crypto.com and OKX. Direct peers are Kraken, Bitstamp, Bitpanda and eToro. Revolut is listed as an emerging player. Bitflyer is listed as a regional player.
Does Kriptomat have an API?
No public API is recorded for Kriptomat.
What industry is Kriptomat in?
Kriptomat's product category is Cryptocurrency Exchange. Its primary akta.pro industry code is FSADAAAG, Crypto Custody & Exchange Wallet Services (Integrated), with a secondary code of FSADAIAE, On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks. Its NAICS code is 52321 and its SIC code is 6200.