The second largest Neobank in Europe, Bunq, grows in cryptocurrency and leads the demand from the retail investor worldwide in accordance with digital assets.
The Neobank, based in Amsterdam, announced the beginning of Bunq Crypto on April 29, a brand new offer that allows its users to speculate in over 300 cryptocurrencies, including Bitcoin (BTC), Ether (Ether) and Solana (Sol).
From April 29, Bunq users within the Netherlands, France, Spain, Ireland, Italy and Belgium can access the Bunq app directly via cryptocurrencies, as may be seen from an announcement divided with coinctions.
The crypto offer is operated in cooperation with Kraken, the 14th largest centralized cryptocurrency exchange worldwide.
All-in-one financial platforms in focus
This is the primary phase of the worldwide crypto expansion of Bunq with plans to step by step introduce trading in the whole European economic area in addition to within the USA and within the United Kingdom.
From June 2024, Bunq reported greater than 12.5 million users and nine million users within the previous 12 months.
The step of Bunq reflects a broader trend amongst financial institutions who need to consolidate the services – banking transactions, savings and investments – in individual digital platforms.
In a contribution in February on X, the CEO of Coinbase, Brian Armstrong said, expects future financial systems to be anchored by a “single primary financial account” wherein users manage all their financial activities.
Demand for simplified crypto access
The research commissioned by Bunq shows a major gap between available crypto offers and user expectations in Europe. According to the study, an estimated 65% of European consumers are in search of a uniform platform to oversee banking, saving and cryptocurrency investments.
Over 50% of the investors surveyed want crypto exposure, but said that the prevailing platforms don’t meet their requirements, especially with regard to simplicity and security for brand new investors.
“Our users around the globe have long waited for a straightforward, secure and uncomplicated solution to spend money on digital assets,” said Ali Niknam, founder and CEO of Bunq. “Now all the things you ever have to avoid wasting, spend and invest – including crypto – on a platform.”
The Bunq crypto expansion follows the move of Revolut in November 2024 to expand its crypto exchange services to 30 European farm market markets.
