Dutch fintech and neobank Bunq has launched crypto buying and selling companies in six nations, for greater than 300 cryptos, together with Bitcoin, Ethereum, and Solana.
Introduced Tuesday, the service will likely be out there to Bunq customers within the Netherlands, France, Spain, Eire, Italy, and Belgium. The neobank is planning to roll out crypto buying and selling within the European Financial Space (EEA), the US and the UK.
Bunq Meets Person Demand to Supply Simplified Crypto Buying and selling
Per the official announcement, the launch follows “consumer demand” for a easy, clear, and reliable strategy to spend money on crypto.
The neobank surveyed European international residents concerning their crypto investing wants. In response to the analysis, 65% of these surveyed are searching for a single platform to handle their banking, financial savings, and crypto investments.
Moreover, over half of the crypto-curious residents really feel that present platforms don’t meet their wants. The fintech agency goals to fill the hole by offering a user-friendly and reliable answer.
“Our customers internationally have lengthy waited for a easy, protected and easy strategy to spend money on digital property,” stated Ali Niknam, founder and CEO of Bunq.
“Now, every part they’ll ever want to save lots of, spend and make investments – together with crypto – is on one platform.”
Moreover, the crypto buying and selling enterprise will likely be powered by crypto trade big Kraken, the trade famous. The answer would mix the safety of a completely licensed financial institution with Kraken’s experience.
Neobank Reported Robust Person Progress in 2024
Bunq’s crypto providing arrives at a time when the financial institution introduced a spike in its consumer base. The fintech reported greater than 12.5 million customers as of June 2024, up from 9 million customers a 12 months earlier.
Aside from crypto buying and selling, Bunq presents a spread of digital monetary companies resembling debit playing cards, mortgages and present/financial savings accounts by its cell app. The neobank has utilized for a dealer vendor license within the US.
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