Now live in the Netherlands, France, Spain, Ireland, Italy, and Belgium, the challenger is poised to gradually roll out crypto trading in the entire European Economic Area as well as the US and the UK. bunq is combining the security of a bank with the expertise of one of the world’s longest-standing crypto exchanges, Kraken.
bunq, the second largest neobank in Europe, launched bunq Crypto, empowering its users to invest in the cryptocurrency market. Starting today, users in the Netherlands, France, Spain, Ireland, Italy, and Belgium can begin their crypto investing journey right in the bunq app. The challenger plans to gradually expand bunq Crypto to the rest of the European Economic Area, as well as the US and the UK where it has previously applied for licenses to operate.
„Driven by user demand for a simple, transparent, and trustworthy way to invest in crypto, bunq’s latest update removes the complexity of traditional platforms. Backed by the security of a fully licensed bank and a partner with global expertise in safeguarding digital assets, users can open an account in seconds and seamlessly trade over 300 cryptocurrencies, including Bitcoin, Ethereum, and Solana.” – the neobank explained.
bunq’s latest research reveals a significant gap in the crypto market, with 65% of European global citizens seeking a single platform to manage their banking, savings, and crypto investments. Over half of those surveyed are eager to invest in crypto but feel that existing platforms don’t meet their needs, particularly when it comes to simplicity and security for beginners. With bunq Crypto, the company aims to fill this gap, providing a user-friendly and trustworthy solution for those ready to step into the world of digital assets.
“Our users across the world have long waited for a simple, safe and straightforward way to invest in digital assets, – says Ali Niknam, founder and CEO of bunq. – Now, everything they will ever need to save, spend and invest – including crypto – is on one platform.”
In addition to bunq Crypto, bunq also announced several other updates at its bunq Update 28 event in Amsterdam. The neobank rolled out bunq Deals that allows expats, parents and entrepreneurs to save with exclusive discounts from a variety of bunq partners, such as LEGO, Expedia, and Surfshark, as well as Sixt, Booking.com, and Notion for business users.
The challenger also added Pocket Money that allows parents to easily deposit recurring payments into their child account. Getting an eSIM or adding data is now done right in the bunq app, plus the app can now be used abroad even if there’s no data left on the user’s eSIM. Finally, bunq Business users can now earn up to 1% cashback not only on their company expenses but also on their day-to-day, personal purchases.
The news follows bunq’s recent announcement on applying for a broker dealer license in the US and reporting its second consecutive annual profit.
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