Bunq, a prominent European neobank, is venturing into the world of crypto trading in partnership with Kraken exchange. The Dutch company will launch its new service, Bunq Crypto, enabling users to trade over 300 crypto assets across six European nations including the Netherlands, France, Spain, Ireland, Italy and Belgium. Initially available only within these countries, Bunq intends to expand throughout the European Economic Area in the near future.
Bunq’s decision to delve into crypto stems from high customer demand for a single platform to manage all financial activities, from banking to crypto investments. A recent report by Tech EU reveals that over 65% of European citizens desire this unified experience. The bank chose to collaborate with Kraken due to the favorable regulatory landscape and increasing market acceptance of crypto trading.
The collaboration marks Bunq’s significant step towards providing comprehensive financial services for its users in both Europe and the United States, where licenses are pending.