Bunq, Europe’s second-largest neobank, expands into crypto
Bunq, Europe's second-largest neobank, is launching Bunq Crypto on April 29, allowing users to invest in over 300 cryptocurrencies, including Bitcoin, Ether, and Solana. This service will be available to users in the Netherlands, France, Spain, Ireland, Italy, and Belgium through the Bunq app. The crypto offering is developed in partnership with Kraken. Bunq plans to expand its crypto services across the European Economic Area, the United States, and the United Kingdom. As of June 2024, Bunq has over 12.5 million users. Research shows 65% of European consumers desire a unified platform for banking and cryptocurrency investments, with over 50% of investors seeking better access to crypto. CEO Ali Niknam emphasized the need for a simple and secure investment platform. Bunq's expansion follows similar moves by other financial institutions like Revolut.
