Briefly Speaking
- Bunq, a Dutch digital bank, has partnered with Kraken to offer crypto investment services to users across Europe.
- As of April 2025, the service is available in six countries: the Netherlands, France, Italy, Spain, Ireland, and Belgium.
- Kraken is reportedly looking to go public in the U.S. by 2026.
Scene's Gossip Corner
crying crypto currency service provider Kraken joins forces with European neobank Bunq
In an announcement on April 26th, Bunq revealed that its neobank app now offers crypto trading, powered by Kraken. Users can invest in over 300 digital assets in six European nations.
According to an annual report, Bunq had €7 billion ($8 billion) in user deposits as of 2024. The company caters to digital nomads and allows users to create an account in just five minutes. Typically focused on banking and investing, the neobank recently stepped into the crypto market by partnering with Kraken.
Neobanks are digital-only banks that don't have any physical branches. Bunq became the second largest neobank in the EU after acquiring Tricoun in 2022. Presently, Bunq boasts 17 million users across Europe.
This partnership could boost Kraken's user base, as the San Francisco-based exchange plans to go public in the U.S. next year. Kraken currently has 13 million users globally.
Bunq users can now invest in popular cryptocurrencies like Bitcoin, Ethereum, and Solana. Additionally, the collaboration emphasizes convenience, with key features like easy-to-understand educational resources for beginners and seamless integration with the neobank's app.
Bunq is not new to the investment scene, as it introduced stock trading services in 2024. According to CEO Ali Niknam, incorporating crypto into its portfolio aligns with the company's ambitions of being a one-stop-shop for digital nomads.
Kraken itself has plans to expand its offerings. In early April, the exchange announced that American users can soon trade over 11,000 stocks and ETFs commission-free.
Recent developments in the crypto industry seem to be winners for both Bunq and Kraken, as the SEC dropped its lawsuit against Kraken in March, following similar dismissals for Robinhood and Coinbase.
Edited by Stacy Elliott
Sources & References
- Kraken powers Bunq's crypto investment service
- Bunq secures €114 million Series D funding round
- Kraken offers Crypto-as-a-Service for financial institutions
- Bunq eyes expansion in Europe, U.S., and UK
- What is Bunq's Crypto? Everything You Need to Know
- Bunq, a Dutch digital bank, has partnered with Kraken to offer crypto investment services in six European countries, including the Netherlands, enabling users to invest in over 300 digital assets.
- This collaboration could boost Kraken's user base, as the San Francisco-based exchange plans to go public in the U.S., following in the footsteps of numerous other financial businesses.
- Bunq users can now invest in popular cryptocurrencies like Bitcoin, Ethereum, and Solana through the neobank's app.
- Kraken's Crypto-as-a-Service is powering Bunq's crypto investment services, further expanding Kraken's reach in the digital asset sector.
- Bunq's crypto trading service, powered by Kraken, is now available to users in the Netherlands, France, Italy, Spain, Ireland, and Belgium.
- Kraken's strategic partnership with Bunq highlights the neobank's ambition to be a one-stop-shop for digital nomads, offering a broader range of financial services.
- In addition to crypto trading, Bunq also offers stock trading services, making it more versatile for users looking to diversify their investment portfolios using digital assets, stocks, and other financial instruments.
