Bunq, the slick Dutch neobank, just flipped the script on crypto investing. No more juggling apps or worrying about sketchy exchanges.
Starting April 29, if you’re in the Netherlands, France, Spain, Ireland, Italy, or Belgium, you can start trading over 300 cryptocurrencies.
Bitcoin, Ethereum, Solana, the whole digital buffet, all inside your Bunq banking app.
Prepare for glory?
Now, Bunq’s not just throwing this out there for kicks, they did their homework. Turns out, 65% of Europeans want one place to handle their banking, savings, and crypto investments.
And more than half feel the current platforms just don’t cut it, because too complicated, too sketchy, or just plain unfriendly. So Bunq’s stepping up, saying, we got you.
Founder and CEO Ali Niknam put it straight, and said that people want a simple, safe, and trustworthy way to get into crypto, and Bunq’s ready to deliver.
Bunq’s not going solo on this crypto venture. They teamed up with Kraken, one of the world’s biggest crypto exchanges, to power this new feature.
So you get the security and regulation of a licensed bank, plus Kraken’s crypto chops.
It’s like having the muscle of a mafia boss and the finesse of a master thief working together, smooth and secure.
This is Bunq
This move comes hot on the heels of Bunq’s explosive growth. They’ve jumped from 9 million to over 12.5 million users in just a year, raking in €85.3 million in profits for 2024, a 65% jump from the year before.
Not bad for a fintech that started in 2012, huh? And with stock trading already in the mix, adding crypto feels like the perfect power move to become the one-stop shop for all your financial needs.
Dine in hell?
Sure, the crypto market’s a jungle, and Bunq’s stepping into a crowded arena with giants like Revolut already playing.
But Bunq’s got a plan, roll out crypto trading across the European Economic Area, then take their show to the US and UK, where they’re busy applying for licenses.
It’s a bold play, especially with regulators watching closely, but Bunq’s betting on clearer rules and growing user demand to fuel their rise.
So, if you’re tired of hopping between apps, juggling passwords, and feeling like crypto’s a secret club you’re not invited to, Bunq’s new crypto trading might just be the ticket.
It’s banking and crypto, all cozy under one roof, with a side of Dutch swagger.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
