Bunq Breaks Into Crypto With Kraken Partnership!

Big news for crypto enthusiasts in Europe! Dutch neobank bunq has launched a brand new crypto service in partnership with US exchange Kraken. Users in six European countries, including France, Ireland, Italy and Spain, can now trade over 300 digital assets, all via the convenient bunq app. Will this change the market? Join us for a dive!

Crypto Trading for Digital Nomads

Bunq, which distinguishes itself as the bank for digital nomads, is introducing this service to provide a smooth crypto experience to its 17 million European customers. With an impressive $8 billion in customer deposits in 2024, as stated in their annual report, bunq shows that they mean business. The app promises fast banking services: you can open an account in just five minutes, and you can add your tax number later. Ideal for traveling professionals working globally.

Thanks to the partnership with Kraken, bunq users will have access to a wide range of cryptos, from Bitcoin (BTC) and Ethereum (ETH) to smaller altcoins. Bunq CEO, Ali Niknam, stated:

“Our users were looking for a simple, safe and clear way to invest in crypto. With this service, they combine everything – saving, spending and crypto – in one app.”

Bunq's rise: From neobank to crypto hub

Bunq is no longer a small player. After acquiring Belgian fintech Tricount in 2022, it grew to become the second largest neobank in the EU, with 17 million users. This fully digital bank with no physical locations focuses on ease of use and innovation. Last year, bunq already introduced a stock trading service, and now it is adding crypto as the icing on the cake. According to Niknam, crypto fits perfectly with their mission to combine all financial needs of users.

The partnership with Kraken is a strategic move. Kraken, with 13 million users worldwide, is known for its reliability and broad offering. The exchange is moving towards an IPO in the US for 2026, and bunq’s user base could further bolster their numbers. Additional positive news: Kraken recently escaped an SEC lawsuit, which was dismissed as a “politically motivated campaign” against crypto. This strengthens confidence in this partnership.

Kraken expands into stocks

Kraken is not standing still. In early April 2025, the exchange announced that US users will soon be able to trade over 11.000 stocks and ETFs commission-free. This puts Kraken in direct competition with platforms like Robinhood, and their partnership with bunq strengthens their position in Europe. With bunq’s user-friendly app and Kraken’s solid infrastructure, this seems like an ideal combination for investors.

What does this mean for the market?

This move by bunq comes at a time when crypto is becoming increasingly mainstream. Neobanks like bunq are lowering the barrier to entry into the crypto world, especially for beginners. With 300+ cryptos to choose from and an app that covers everything from banking to investing, bunq offers simplicity and accessibility. For Kraken, this is an opportunity to grow their presence in Europe, while bunq reinforces its innovative image.

It’s not all good news, though. Bunq was criticized in 2024 for security issues and slow customer service in cases of fraud such as phishing and spoofing. While the bank has made improvements and introduced a leniency program, caution is still advised. Investors should always do their own research, especially in the volatile crypto market.