Bunq Launches Crypto Trading in Europe, Partners with Kraken
- After the launch, users will be allowed to open an account in a fraction of a second and get the opportunity to trade over 300 crypto assets.
- The regulatory landscape is continuously shifting, and now the demand for this kind of innovation has increased.
Bunq, a neobank operating within 30 European countries, is spreading its services and will collaborate with Kraken to include crypto trading. Having over 17 million users in Europe, Bunq has planned to introduce a crypto trading service known as Bunq Crypto.
The trading service will be offered in six European countries such as the Netherlands, France, Spain, Ireland, Italy, and Belgium. The Chief Executive Officer of the bank assured that the service will soon be available in the rest of the states in Europe.
After the launch, users will be allowed to open an account in a fraction of a second and get the opportunity to trade over 300 crypto assets, including major players such as Bitcoin, Ethereum, and Solana.
High Customer Demand For Crypto
The report by Tech EU suggests that the bank decided to integrate crypto because of high customer demand. The European Bank conducted research that revealed that about 65% of the residents of Europe want to manage all their funds, such as banking, savings, and crypto investments, all on one platform.
Adding more to this, the bank is also planning to broaden the crypto trading services into the U.S and U.K. markets, where it has applied for operating licenses. The chief executive officer and founder of Bunq, Ali Niknam, revealed that the bank wanted to offer crypto services for users earlier.
But, because of regulatory constraints, it did not make that leap. Currently, the regulations for companies dealing with crypto are clearer now and the bank is now going forward with its plans.
The regulatory landscape is continuously shifting, and now the demand for this kind of innovation has increased. Not long ago, Revolut also introduced a crypto service through its mobile crypto exchange app.
The service is accessible for U.K. users and some European Economic Area countries. Using the application, users will be permitted to trade over 400 crypto pairs along with 220 digital tokens.
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Bunq Launches Crypto Trading in Europe, Partners with Kraken
- After the launch, users will be allowed to open an account in a fraction of a second and get the opportunity to trade over 300 crypto assets.
- The regulatory landscape is continuously shifting, and now the demand for this kind of innovation has increased.
Bunq, a neobank operating within 30 European countries, is spreading its services and will collaborate with Kraken to include crypto trading. Having over 17 million users in Europe, Bunq has planned to introduce a crypto trading service known as Bunq Crypto.
The trading service will be offered in six European countries such as the Netherlands, France, Spain, Ireland, Italy, and Belgium. The Chief Executive Officer of the bank assured that the service will soon be available in the rest of the states in Europe.
After the launch, users will be allowed to open an account in a fraction of a second and get the opportunity to trade over 300 crypto assets, including major players such as Bitcoin, Ethereum, and Solana.
High Customer Demand For Crypto
The report by Tech EU suggests that the bank decided to integrate crypto because of high customer demand. The European Bank conducted research that revealed that about 65% of the residents of Europe want to manage all their funds, such as banking, savings, and crypto investments, all on one platform.
Adding more to this, the bank is also planning to broaden the crypto trading services into the U.S and U.K. markets, where it has applied for operating licenses. The chief executive officer and founder of Bunq, Ali Niknam, revealed that the bank wanted to offer crypto services for users earlier.
But, because of regulatory constraints, it did not make that leap. Currently, the regulations for companies dealing with crypto are clearer now and the bank is now going forward with its plans.
The regulatory landscape is continuously shifting, and now the demand for this kind of innovation has increased. Not long ago, Revolut also introduced a crypto service through its mobile crypto exchange app.
The service is accessible for U.K. users and some European Economic Area countries. Using the application, users will be permitted to trade over 400 crypto pairs along with 220 digital tokens.
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