Bunq Expands into Crypto Trading, Launching Services Across Six European Countries

Bunq, the Dutch neobank known for its innovative approach to digital banking, has officially launched crypto trading services across six European nations

Dutch digital bank Bunq has launched crypto trading services in six European countries. The offering will allow customers in the Netherlands, Germany, France, Spain, Italy, and Austria to buy, sell, and hold cryptocurrencies.

The move marks a significant step for Bunq, which is known for its focus on innovation in the digital banking space. The bank aims to integrate crypto trading seamlessly into its existing app, which provides a wide range of services, including savings accounts, personal loans, and expense management.

Bunq CEO and founder Ali Niknam said: “We are excited to launch crypto trading services for our customers in six European countries. At Bunq, we are committed to providing our customers with the best possible financial services in a way that is innovative, accessible, and engaging.

"Our mission is to empower people with cutting-edge financial tools, and offering crypto trading is the next logical step in providing them with a full spectrum of financial services. By enabling the seamless integration of crypto into our platform, we are putting the power back into the hands of our customers, enabling them to manage both traditional and digital assets at their fingertips.”

Bunq is launching the service with a selection of major cryptocurrencies, which will be available for trading through the bank’s user interface. The service is designed to be user-friendly for both beginners and experienced traders, with a focus on ease of use and high-level security.

The launch of crypto trading services is part of Bunq’s broader strategy to expand its product offering and appeal to a wider range of customers. The bank has been rapidly expanding in recent years, and it now operates in 24 European countries.

Bunq is also a strong advocate for financial inclusion. The bank offers a variety of products and services that are designed to be accessible to all, regardless of income level or credit history. For example, Bunq offers a free current account with no minimum balance requirement.

Bunq’s move into crypto trading comes at a time of growing interest in digital assets among European consumers and institutions. Several European countries, including France, Germany, and Italy, are at the forefront of efforts to regulate the crypto industry.

Earlier this year, the European Union reached an agreement on its Markets in Crypto-Assets (MiCA) regulation, which will provide a unified legal framework for crypto services in all 27 member states. The aim of MiCA is to create a single market for crypto products and services, while also ensuring investor protection and financial stability.

Bunq is well-positioned to benefit from the increasing demand for crypto products and services in Europe. The bank already has a large customer base in several key European markets. It is also known for its technological capabilities and its commitment to innovation.

As more traditional banks and fintech companies enter the burgeoning crypto market, Bunq’s launch of crypto trading services is a testament to the rapid evolution of the digital banking industry.

By merging traditional banking services with cutting-edge crypto technology, Bunq is paving the way for the future of finance, where digital and fiat currencies coexist seamlessly to empower consumers with an unmatched level of financial control.