Catenaa, Monday, May 12, 2025- Bunq, Europe’s second-largest neobank, has launched a crypto trading feature for users across six countries, powered by US-based crypto exchange Kraken, the companies announced Tuesday.
The service, named bunq Crypto, is live in the Netherlands, France, Spain, Ireland, Italy and Belgium. Bunq plans to expand across the European Economic Area, the UK and the United States pending regulatory approval.
The platform is both MiCA-ready and registered as a virtual asset service provider.
Bunq CEO Ali Niknam said growing user demand for simple and secure crypto access led to the partnership with Kraken. “Now, everything they will ever need to save, spend and invest — including crypto — is on one platform,” Niknam said in a statement.
The new service allows users to trade more than 300 cryptocurrencies, including bitcoin, Ethereum and Solana, directly within the Bunq app. Research from the company suggests 65% of Europeans want a single platform for banking and investing, while more than half feel current crypto platforms are too complex for beginners.
Bunq has more than 17 million users and holds €8 billion ($9.1 billion) in deposits. It reported €85.3 million ($97.2 million) in net profits for 2024, a 65% increase from the previous year.
The neobank is seeking a UK banking license and a US broker-dealer registration.
Kraken, meanwhile, continues expanding into traditional finance, having begun a phased rollout of stock and ETF trading for US customers earlier this month.
