European Neobank Bunq Rolls Out Crypto Trading
Bunq, backed by crypto exchange Kraken, has introduced a trading feature for more than 300 cryptocurrencies within its mobile app. The service is now live across several European countries.
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Neobank Bunq, Europe’s second-largest after Revolut, has introduced in-app crypto trading.
The service, called Bunq Crypto, was developed in partnership with crypto exchange Kraken and is currently available to users in the Netherlands, France, Spain, Ireland, Italy, and Belgium.
However, the company plans to expand the offering gradually across the rest of the Eurozone, with additional launches in the U.S. and U.K. pending regulatory approval.
New Crypto Service Backed by Kraken
According to Bunq, users can open an account within seconds and trade more than 300 cryptocurrencies, including major assets such as Bitcoin, Ethereum, and Solana.
The integration with Kraken brings together the security of traditional banking and the trading capabilities of a crypto exchange, delivered through a mobile interface familiar to everyday banking users.
Related: Kraken Launches Stock and ETF Trading in the U.S.
A recent Bunq study revealed that:
- 65% of Europeans are looking for a single platform to manage their bank accounts, savings, and crypto investments.
- 50% expressed interest in trading cryptocurrencies.Â
- 50% cited a lack of simplicity and reliability in existing solutions.
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.
Financials and Expansion Plans
As of early 2025, Bunq serves:
- Over 17 million users
- €8 billion in customer deposits
In 2024, the company reported a net profit of €85.3 million, up 65% from €51.6 million the previous year. This marked Bunq’s second consecutive year of profitability.
Read more: Is Europe Squeezing Out USDT? MiCA’s Impact on the Crypto Status Quo
At its Update 28 event in Amsterdam, Bunq also announced:
- Up to 1% cashback on both personal and business cards
- A banking license application in the UK
- A broker license filing in the U.S.Â
Meanwhile, Kraken began rolling out stock and ETF trading for U.S. users in late April, with plans to expand the service to the UK and Europe.
Market Context and Competitive Landscape
In November 2024, Bunq’s main rival, Revolut, expanded its crypto trading services to 30 countries in the European Economic Area. To remain competitive, other digital banks are also exploring similar offerings to retain customers by providing streamlined access to digital assets.
In February, Coinbase CEO Brian Armstrong predicted the rise of financial systems built around a “single primary financial account” to manage all types of assets.
Related: Revolut’s Crypto Business Sees 4x Revenue Spike, Boosting Annual Profit
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