European Neobank Bunq Taps Kraken for Crypto Service
Summary
Bunq, a Netherlands-based neobank, has launched a cryptocurrency investment service powered by Kraken, allowing users in six European countries, including France and Spain, to invest in over 300 digital assets. In 2024, bunq reported $8 billion in user deposits and caters to digital nomads with a quick account setup process. It is the second largest neobank in the EU, boasting 17 million users after acquiring Belgian fintech Tricoun in 2022. The service aligns with bunq's goal of being a comprehensive financial platform. Kraken, which aims for a public offering in the U.S. next year, has also expanded into stock trading and recently had a lawsuit dropped by the SEC.
