Bunq, Europe’s second-largest neobank, has started offering crypto trading inside its banking app in partnership with Kraken. The new feature is available in six countries: the Netherlands, France, Spain, Ireland, Italy, and Belgium.
Bunq built the service in partnership with Kraken, a well-known crypto exchange. The bank plans to expand this feature to more regions, including the European Economic Area, the United Kingdom, and the United States.
The new service lets users buy and sell over 300 cryptocurrencies directly from the app. These include popular coins like Bitcoin, Ethereum, and Solana. The platform follows MiCA regulations and holds a registration as a Virtual Asset Service Provider.
Kraken-powered crypto trading simplifies investing
Bunq aims to give users a safe and easy way to trade digital assets within a banking system. Bunq said it launched the feature after noticing strong demand from its customers.
Many users wanted a single place to manage their money, savings, and crypto investments. According to Bunq, a recent survey showed that many Europeans wish to invest in crypto but find existing platforms too complex or unsafe.
This new offering seeks to solve that issue. It combines the security of a licensed bank with Kraken’s long experience in crypto. The bank claims users can open an account in seconds and begin trading immediately.
With everything in one place, users will not need to switch between apps to manage their finances and investments. The launch took place during Bunq’s Update 28 event in Amsterdam. The bank also announced that business users will now receive up to 1% cashback on both business and personal purchases.
Bunq expands services to attract more users
This is part of a wider push to expand its services and attract more users. Bunq continues to grow as it competes with other digital banks in Europe. By adding crypto trading, it takes a major step into a new area of financial services.
The partnership with Kraken allows Bunq to offer this feature while relying on a trusted crypto exchange. The company is now preparing for further expansion. It has already applied for licenses in the UK and the US to bring its crypto service to new markets.
Bunq aims to become a full-service platform where users can save, spend, and invest with ease. This move marks a new chapter in its journey to reshape digital banking in Europe and beyond.
