Bunq Partners with Kraken to Offer Crypto Trading Across Europe

• Bunq partners with Kraken, bringing seamless crypto trading to its European users.

• Advanced AI safeguards and ring-fenced wallets power Bunq’s secure leap into crypto.

Bunq, Europe’s second-largest neobank, has officially entered the crypto space by partnering with U.S.-based exchange Kraken. Through this partnership, Bunq integrated its crypto trading feature into the banking application that users can access through their accounts. Bunq enables users to handle both financial management and digital assets in their single application interface.

Bunq Adds 300+ Cryptos to Its Banking App

Currently, the service is available in Italy, Spain, Ireland, France, Belgium, and the Netherlands. The bank intends to extend its service to reach customers in the United States, along with all European Economic Area nations and the United Kingdom.

Importantly, Bunq Crypto represents Bunq’s new addition that enables its clients to trade from a selection of more than 300 cryptocurrencies. The service supports trading Bitcoin along with Ethereum and Solana, and various other popular cryptocurrencies. Opening an account at this banking service, followed by trading, takes only several seconds because the process remains straightforward and fast.

This step meets the growing customer need for the service. Bunq’s research reveals that 65% of Europeans want banking services mixed with crypto investments and savings capabilities in a single application. Bunq made a move toward becoming the ultimate financial solution for modern users through its stock trading addition last year.

Bunq CEO Ali Niknam outlined when the company would initiate its new features. Bunq wanted to introduce crypto services since longtime ago but needed to wait because of regulatory restrictions, which delayed its implementation. According to Bunq executives, the time was suitable due to recent European regulatory changes allowing more flexibility. Niknam affirmed that Bunq stepped into this market early, thus becoming the initial bank to provide customers with crypto functionality.

CEO Ali Niknam from Bunq announced his company’s enthusiasm for U.S. expansion because he views this market as favorable towards cryptocurrency adoption. The neobank recently applied for a broker-dealer license, which serves as its initial move to provide complete banking solutions throughout the country. Niknam demonstrated supportive expectations about upcoming Bunq updates by mentioning that additional features will arrive shortly.

Bunq Boosts Crypto Security with AI Tools

Addressing growing concerns about crypto-related scams, Niknam gave Bunq users confidence in the banking platform’s robust security protocols. Artificial intelligence operates under regulatory guidelines to identify unusual transactions at Bunq because it operates as a regulated bank. Each cryptocurrency wallet operates in a completely isolated environment for safety and delivers trading simplicity, according to its statements.

Bunq achieved a 65% profit growth according to its financial report, which resulted in €85.3 million. The substantial growth allows the bank to conduct investments toward pioneering services, particularly in crypto trading.

At the same time, other fintech companies besides Bunq are currently exploring the development of their crypto-based businesses. Revolut declares crypto trading as one of its primary revenue drivers. A majority of banks do not exhibit the same level of excitement about crypto trading. The UK-based Starling Bank, along with others, has eliminated crypto transaction support. The United Kingdom division of Chase Bank decided to prohibit its consumers from purchasing cryptocurrencies because of perceived fraud risks.

Through its partnership with Kraken, Bunq takes an essential stride toward establishing digital currency usage alongside conventional banking practices. The integration shows a general movement to connect crypto with traditional financial systems while providing users with better control measures. The expanding platform shows potential to redefine how European and American users work with traditional bank money, along with digital currencies.