One of the top neobanks in Europe, Bunq, has announced a strategic alliance with Kraken to introduce Bunq Crypto, a new cryptocurrency trading platform in Europe. Bunq would be well-positioned to launch a new cryptocurrency service in the area with Kraken, a prominent cryptocurrency exchange. The new service is launched with the goal of making digital asset trading seamless for the bank’s more than 17 million users across the continent.

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Bunq Crypto Launch Plan

Initially, the service will be made available to six countries in Europe. France, Ireland, Spain, Italy, the Netherlands, and Belgium will be the first countries to use the service. Users in these countries can open an account on the platform within seconds and trade over 300 cryptocurrencies. The most prominent of those digital assets include Ethereum, Solana, and Bitcoin.

According to Ali Niknam, founder and CEO of Bunq, the decision to launch Bunq Crypto came from the high demand of its customers. A recent survey conducted by the bank revealed that 65% of Europeans prefer to manage all their finances on a single platform, including savings, banking, and crypto investments.

He commented, “The regulatory landscape has changed and is now more susceptible to this kind of innovation. As always, Bunq dived in and now we’re the first bank to deliver crypto!”

This launch makes Bunq one of the first traditional banks in Europe to offer integrated crypto services, setting a new benchmark for digital finance in the region. The partnership with Kraken ensures that users have access to secure trading services and a wide range of digital assets in which to invest.

Plans to Expand Across Europe and the USA

The bank has applied for licenses in the United Kingdom and the United States to expand its crypto trading services. This move underscores its ambition to become a global fintech leader. This demonstrates its desire to lead the global fintech industry.

However, Bunq is not the only company that provides its clients with cryptocurrency trading services. Revolut introduced cryptocurrency services for its users in the UK and the EU earlier this year. Its customers can trade over 220 digital tokens and 400 cryptocurrency pairs through its mobile app. It’s possible that more conventional banks will follow Bunq’s example as regulatory clarity increases throughout the EU. As of right now, Bunq’s incorporation of cryptocurrency into regular banking represents a major advancement in closing the gap between digital assets and traditional finance.