bunq, a digital bank based in the Netherlands, now offers crypto investing within its app. The service is now available in the Netherlands, France, Spain, Ireland, Italy, and Belgium. Bunq states that it will roll out crypto trading across the entire European Economic Area, as well as in the US and the UK. The decision to include crypto trading was reportedly driven by user demand.
Bunq, the second-largest digital bank in Europe, is now leveling the playing field.
Services will be provided in partnership with Kraken, one of the largest crypto exchanges in the world.
Out of the gate, bunq states that you may trade over 300 cryptocurrencies, including Bitcoin, Ethereum, and Solana.
Our users have long waited for a way to invest in digital assets, said Ali Niknam, founder and CEO of bunq.
“Now, everything they will ever need to save, spend and invest – including crypto – is on one platform.”
Conventional wisdom today is that users want fewer, not more, financial apps to manage their financial existence. Adding crypto trading means current account holders will be stickier and less tempted to migrate to another digital bank that already offers crypto.
bunq reflected on other recent updates to their platform, including discounts with partners, Pocket Money for automated savings, and 1% cash back for business users.
bunq is in the process of receiving a broker-dealer license in the US, which will enable it to trade securities. bunq noted that it has been profitable for two years in a row.
