European neobank, bunq, has launched a new crypto trading feature in partnership with Kraken.
The service, bunq Crypto, is now available in the Netherlands, France, Spain, Ireland, Italy, and Belgium, with plans to roll out across the European Economic Area, the US, and the UK, pending regulatory approvals.
The neobank’s latest feature allows users to invest in over 300 cryptocurrencies directly via the bunq app.
The partnership with Kraken provides backend infrastructure and asset safeguarding, while bunq leverages its status as a licensed bank to offer a regulated environment for crypto trading.
“Our users across the world have long waited for a simple, safe and straightforward way to invest in digital assets,”
said Ali Niknam, founder and CEO of bunq.
“Now, everything they will ever need to save, spend and invest, including crypto, is on one platform.”
In addition to the crypto launch, bunq introduced new features at its Update 28 event in Amsterdam.
These include bunq Deals, offering partner discounts for users including expats and entrepreneurs; Pocket Money, enabling recurring transfers to child accounts; and new eSIM features, allowing users to add data or use the app abroad without remaining data. B
usiness users can now also earn up to 1% cashback on both business and personal purchases.
The announcement comes shortly after bunq confirmed it had applied for a broker-dealer license in the US.
Featured image credit: edited from freepik
