Cruising through Crypto with Bunq and Kraken
Neobank Bunq Integrates Kraken for Cryptocurrency Services
Vibe CheckNeobank Bunq, Europe's second largest with a staggering 17 million users, is stepping up their game by diving into the enchanting world of cryptocurrencies. Here's the 411 on how they're doing it with a little help from their new BFF, Kraken.
The ScoopIn a thrilling twist, Bunq has teamed up with Kraken to offer a crypto investment service, sprinkling digital magic into the accounts of users in France, Ireland, Italy, Spain, and several other European countries. The service allows Bunq's enthusiastic crew of 17 million to invest in over 300 unique digital assets, making their banking experience even more exhilarating.
Bunq: The Runner-Up Neobank KnightOriginally a Netherlands-based neobank catering to digital nomads, Bunq made waves when it acquired the prestigious Belgian fintech Tricoun in 2022. This daring move propelled it to the second spot among neobanks in the European Union.
Kraken: The Confident RiderKraken, the San Francisco-based exchange, is believed to be gearing up for a grand entrance to the public stage in the U.S., projected in 2026. With already 13 million trusting souls worldwide, the partnership with Bunq could bolster its numbers significantly.
The Path AheadBunq's fearless leader, Ali Niknam, stated that this venture into crypto was a perfect fit for their vision: "Everything users will ever need to save, spend, and invest - including crypto - is on one platform." Kraken, now swooning for the stock-trading scene, also seems to be embracing this collaborative cryptic journey, promising American users the ability to trade over 11,000 stocks and ETFs commission-free soon.
Psst... Keep an eye out for Bunq's future plans to conquer the US market, expanding its services to nearly 5 million digital nomads, expats, and international professionals.
Sources:- (1) Company filings- (2) SEC dismisses lawsuit against Kraken- (3) Bunq's Annual Report 2024- (4) Bunq expands crypto services- (5) Bunq's U.S. expansion strategy
- Bunq, with over 17 million users in Europe, is introducing cryptocurrency investments to their platform, in collaboration with crypto exchange Kraken.
- This partnership enables Bunq users in countries like France, Ireland, Italy, and Spain to invest in over 300 digital assets, enhancing their banking experience.
- Originally a neobank based in the Netherlands, Bunq rose to the second spot among neobanks in the European Union after acquiring Tricoun in 2022.
- Kraken, based in San Francisco, has over 13 million users worldwide and is poised to enter the public market in the U.S. in 2026.
- Ali Niknam, Bunq's leader, believes this crypto venture aligns with their mission: to offer everything users need for savings, spending, and investment on a single platform.
- Kraken is also keen on the stock-trading scene and plans to offer commission-free trading of over 11,000 stocks and ETFs to American users soon.
- Bunq is reportedly planning to expand its services to nearly 5 million digital nomads, expats, and international professionals in the US market.
