Update (April 29 at 20:54 UTC): This article was updated to contain comments CEO of Bunq to Cointelegraph.
The second largest European, Bunq, expands to cryptocurrency, citing the growing demand of retail investors to digital assets around the world.
Neobank based in Amsterdam announced the introduction of the Crypto bunq on April 29, a recent offer enabling users to invest in over 300 cryptocurrencies, including Bitcoin (BTC), Ether (ETH) and Solana (SOL).
From April 29, Bunq users in the Netherlands, France, Spain, Ireland, Italy and Belgium will be able to access cryptocurrencies directly via the Bunq application as announced.
CEO of Bunq, Ali Nobry, told CointeLgraph that traffic is caused by the growing demand of the client to digital assets. “We think that now many, many people, the vast majority, are interested in crypto and we think that they are interested in buying cryptocurrencies through the environment they can trust, and can relate and can recognize,” he said.
What’s more, a more affable regulatory landscape helped spotless the bank’s extension path to the crypto. “I think that for a long time the future of cryptocurrencies from the regulatory perspective was a bit unclear. And we saw many these changes over the past few months. And so we felt certain enough as an regulated entity to offer it to the general public,” said Namnam.
The cryptocurrency offer is driven in cooperation with Kraken, 14 as to the size of a centralized cryptocurrency exchange around the world according to the volume of trading.
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Versatile financial platforms
This means the first phase of global expansion of bunq cryptocurrencies, with plans for gradually introducing trade throughout the European Economic Area, as well as in the United States and Great Britain.
From June 2024, Bunq has reported over 12.5 million users, compared to nine million users a year earlier.
The Bunq movement reflects a broader trend among financial institutions trying to consolidate services – banking, savings and investments – in individual digital platforms.
In February post On X, Coinbase, CEO, Brian Armstrong, said that he expected future financial systems to be anchored by the “one main financial account” in which users manage all their financial activities.
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Demand for simplified access to cryptocurrencies
Research ordered by Bunq indicates a significant gap between available cryptocurrency offers and user expectations in Europe. According to research, about 65% of European consumers are looking for a unified platform for managing bank investments, savings and cryptocurrencies.
Over 50% of surveyed investors want to exposure to cryptographic, but stated that existing platforms do not meet their requirements, especially in terms of simplicity and safety of recent investors.
“Our users around the world have long been waiting for a simple, safe and simple way to invest in digital assets,” said Ali Niknam, founder and general director of Bunq. “Now everything they ever have to save, spend and invest – including crypto – is on one platform.”
The expansion of Bunq cryptocurrencies takes place after the Revolut movement in November 2024 to expand its cryptocurrency exchange services in 30 markets of the European Economic Area.
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