tl;dr
Netherlands-based neobank bunq has launched a Kraken-powered cryptocurrency investment service for users in six European countries, offering access to over 300 digital assets. Bunq, which had $8 billion in user deposits in 2024 and serves 17 million users across Europe, targets digital nomads with f...
Netherlands-based neobank bunq has partnered with Kraken to offer cryptocurrency investment services to users in six European countries, granting access to over 300 digital assets.
Bunq currently serves 17 million users across Europe, targeting digital nomads and aiming to provide a comprehensive, fully digital financial platform encompassing saving, spending, and investing — including stocks and cryptocurrencies.
In 2024, bunq reported $8 billion in user deposits and became the EU's second-largest neobank after acquiring Belgian fintech Tricoun in 2022.
The company promises swift account creation and flexible tax ID provisions, catering especially to the global lifestyles of digital nomads who demand seamless banking without physical branches.
Kraken, a San Francisco-based crypto exchange trusted by 13 million users worldwide, is expanding its offerings with commission-free stock and ETF trading for American users and planning a U.S. public offering.
Recently, the U.S. Securities and Exchange Commission dropped its lawsuit against Kraken, marking a significant regulatory relief for the company amidst similar dismissals for other crypto firms.
Bunq’s CEO, Ali Niknam, highlighted the partnership’s goal of providing users with an all-in-one platform for their financial needs: “Our users across the world have long waited for a simple, safe and straightforward way to invest in digital assets. Now, everything they will ever need to save, spend and invest—including crypto—is on one platform.”
This collaboration positions bunq and Kraken at the forefront of integrating traditional finance with the dynamic world of digital assets, reflecting broader trends in fintech innovation and crypto adoption.