Firi AS (Norway) is an electronic money institution authorized and regulated by the Financial Supervisory Authority of Norway. Firi is focused on cryptocurrency exchange. The company offers crypto trading, crypto staking, crypto savings, individual accounts, corporate accounts to individuals, companies.
6 February 2025, by Anna Mileiko
TheBanks.eu has developed a proprietary methodology to assign ratings to payment institutions based on their operating environment, company background, business model, market niche, product range, transparency, customer support and customer sentiment. According to the methodology, Firi AS is assigned the overall rating 2.81 (average) which is explained in details below.
Operating Environment | Friendly | (4.19) |
Product Range | Narrow | (1.54) |
Market Niche | Average | (3.05) |
Company Background | Poor | (1.85) |
Customer Support | Average | (2.67) |
Customer Sentiment | Good | (3.81) |
Transparency | Low | (2.53) |
Overall Rating | Average | (2.81) |
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TheBanks.eu has also identified the following pros and cons of the company:
Firi offers the following operations with cryptocurrencies:
Firi AS is authorized by the Financial Supervisory Authority of Norway as a e-money institution (reference number FT00112298) for placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line); the authorization was granted on 3 June 2024.
Firi AS is not a bank, it can't collect deposits from public or loan out its clients’ money. Hence, it does not have to participate in deposit guarantee schemes. However, Firi is required to safeguard its customers’ money.
Due to EEA passport rules Firi AS, can conduct its activities in any of the 30 EEA member states.