Bunq Partners With Kraken To Offer Crypto Investments In Six European Nations

Netherlands-based neobank Bunq has launched a new service allowing users to invest in cryptocurrencies, powered by the U.S. crypto exchange Kraken. The service is now available to users in six European nations, including France, Ireland, Italy, and Spain, enabling them to invest in over 300 digital assets.

Bunq, which caters to digital nomads and promises quick account setup, had $8 billion in user deposits in 2024. The neobank became the second largest in the European Union after acquiring the Belgian fintech Tricoun in 2022 and currently has 17 million users across Europe.

This partnership with Kraken aligns with Bunq's goal of becoming a one-stop-shop for users' financial needs. The neobank's CEO, Ali Niknam, stated that the new service fulfills a long-standing demand from users for a simple and safe way to invest in digital assets. "Now, everything they will ever need to save, spend and invest–including crypto–is on one platform," Niknam said.

Kraken, which is trusted by 13 million people worldwide, is reportedly planning a public offering in the U.S. next year. The exchange recently expanded into the stock-trading scene, announcing that American users will eventually be able to trade over 11,000 stocks and ETFs commission-free.

Last year, Bunq introduced a service allowing customers to invest in stocks and other exchange-traded products. The neobank's expansion into crypto services further solidifies its position as a comprehensive financial platform, offering a wide range of investment options to its users.