- Bunq now lets users trade crypto directly in its app across six countries using Kraken infrastructure.
- The neobank offers over 290 digital assets including Bitcoin and Ethereum through its new crypto feature.
- Bunq plans to expand crypto services to the UK and US while following strict regulatory rules.
Europe’s second-largest neobank, Bunq, has launched in-app cryptocurrency trading for users across six countries. The new feature went live on April 29. It is now available in the Netherlands, France, Spain, Ireland, Italy, and Belgium.
The integration comes through a partnership with Kraken, a global cryptocurrency exchange. This allows Bunq users to access over 290 digital assets. Key cryptocurrencies available include Bitcoin, Ethereum, and Solana.
New Phase in Digital Finance Integration
Bunq’s latest feature adds to its expanding financial services portfolio. The neobank had recently introduced stock trading for users. Now, crypto trading joins as part of a broader push to offer an all-in-one platform.
The crypto launch meets all requirements set by the Europe’s Markets in Crypto-Assets (MiCA) regulation. The EU-wide regulation under Markets in Crypto-Assets officially started in June 2023. The European Union establishes a single legal structure for crypto assets with its Markets in Crypto-Assets regulation.
Bunq aims to meet increasing demand for integrated digital finance solutions. With over 12 million users, the company sees an opportunity in combining banking, saving, and investing features. The collaboration with Kraken enables secure and regulated crypto access for retail customers.
Expansion to UK and US in Progress
Bunq has announced plans to extend its crypto services further. The next phase includes entry into the UK and the US. These regions present new regulatory challenges, especially amid ongoing crypto scrutiny.
In the UK, the Financial Conduct Authority enforces strict guidelines. Similarly, the US market requires careful compliance with financial and securities laws. Bunq will need to navigate both frameworks before launching.
Despite these challenges, the company remains focused on growth. It expects the combined strength of its user base and Kraken’s infrastructure to support the expansion.
Demand for All-in-One Financial Platforms Grows
Recent studies highlight a shift in consumer expectations. Around 65% of European users prefer managing banking and investing in one platform. However, over half of potential crypto investors find existing apps too complex or insecure.
Bunq’s model aims to close this gap. Its app now offers a simplified experience for digital asset management alongside traditional banking. Users can now save, spend, and invest, all within a single interface.
The move also responds to trends among digital-first banks. Fintech competitors have been adding crypto support to meet evolving user preferences. Bunq’s step raises competition in this space, especially with traditional banks still slow to adapt.
The partnership with Kraken may signal the start of deeper collaboration between banks and crypto exchanges in Europe.
