European Neobank Bunq Taps Kraken for Crypto Service

Neobank Bunq, based in the Netherlands, started to have users invest in cryptocurrencies using a crack-driven service, said the US Crypto Exchange on Tuesday in a press release.

The service was rolled out for users in six European countries, including France, Ireland, Italy and Spain, while users enabled to invest in more than 300 digital assets, Kraken said.

In 2024, Bunq had $ 8 billion in user deposits, according to one Annual report. The website promises that users can ‘show the land’ on the bank and createan account in five minutes, with the possibility to offer a tax at a later time. The company is explicitly suitable for digital nomads, which almost work and travel worldwide.

Neobanks are 100% digital and serve customers without physical branches. Bunq became the second largest Neobank in the European Union after acquiring the Belgian fintech tricoun in 2022, per Fintech Futures. Bunq says it currently has 17 million users Europe.

The users of Bunq can fill the most important statistics of Kraken, because the exchange is said to be monitoring a public offer in the US next year. The exchange -based exchange is currently ‘familiar’ with 13 million people worldwide, according to the Kraken website.

Last year Bunq introduced a service with customers who can invest in shares and other products traded on the stock exchange. According to the CEO of the Neobank, Ali Niknam, Crypto urges the company’s ambitions to be a one-stop-shop for the money-related needs of users.

“Our users around the world have long been waiting for a simple, safe and simple way to invest in digital assets,” he said in a statement. “Now, everything they ever need to save, publish and invest – including crypto – is on one platform.”

Kraken herself recently dived into the Stock-Trade scene. Earlier this month, the company said that American users can eventually trade more than 11,000 shares and ETFS committee.

The Securities and Exchange Commission officially dropped its lawsuit against Kraken last month, after similar dismissal in business against Robinhood and Coinbase. At the time, Kraken called the ‘waste, politically motivated campaign’ against the crypto industry.

Published by Stacy Elliott.