Prasos Oy, which has been providing cryptocurrency services since 2012, has changed its name to Coinmotion Oy. In the future, the company operates under the same name as its largest service, Coinmotion.com.

The name change was a natural continuation of the company’s shifting focus to the development of the Coinmotion service. In addition to Coinmotion, the company will continue to maintain Bittiraha.fi, Finland’s leading Bitcoin news site, and the Bittimaatti Bitcoin automation network under its subsidiary Prasos Cash Management Oy.

Diverse investment services for the international market

The company’s operations began in 2012 with the establishment of Bittiraha.fi, which offers bitcoin brokerage and cryptocurrency related news for Finns. Later, other services have come alongside, the most significant of which has become the international Coinmotion.com investment platform. Since 2018, the focus of operations has been strongly on developing Coinmotion into an internationally competitive cryptocurrency investment service.

“The company is used to maintaining many brands at the same time, but it has been found to be challenging for marketing. We often had to talk about both Prasos and Coinmotion, and explain what it was all about. With this name change, the issue is simplified and there is less need for explanation. This way we get the message out better, ”says Henry Brade, Chairman of the Board of Coinmotion Oy.

Coinmotion grew into the company’s largest service

Until 2016, Bittiraha’s buying and selling service and the invoicing service launched later were the most significant commercial services in Prasos. In the same year, Prasos acquired the Coinmotion platform in a business acquisition and began actively developing a more versatile service for investing  and using cryptocurrencies than Bittiraha. The Coinmotion platform was more technically advanced and provided customers with a safe way to store bitcoins as well.

The user base of Coinmotion grew significantly in 2017 and it soon became the company’s largest and most versatile service, where customers can for example make monthly savings, earn interest, pay bills and make free money transfers between users.

Today, the company’s focus has shifted more and more to the development of the Coinmotion service. As the most recent example of this, you can check out the recently published new website at Coinmotion.com. You can see some examples of what to expect in the near future below.

Upcoming updates to Coinmotion’s services

• Native mobile app (coming soon)
• Possibility for crypto to crypto trading
• Diversification of private banking services
• Expanding to several European countries
• Use of Coinmotion account funds as collateral for a loan

Despite the name change, we will continue with the same goals as before. We want to offer the best platform in Europe for investing in and using cryptocurrencies, as well as top-class customer service. Welcome to use all the services of Coinmotion Oy!