European Neobank Bunq Taps Kraken for Crypto Service
Bunq, a Netherlands-based neobank, has launched a new service allowing its users to invest in cryptocurrencies through Kraken, an established crypto exchange. The service is available in six European countries, allowing access to over 300 digital assets. Bunq, claiming to serve 17 million customers, aims to be a comprehensive banking solution by integrating crypto investments with traditional banking services. The introduction of crypto services follows Bunq's previous offerings, including stock investments. Kraken is preparing for a potential public offering in 2026 and has reorganized its staff to align with strategic goals as it expands its services. This partnership not only enhances Bunq's service portfolio but also gives Kraken exposure to a large user base, potentially benefiting both companies as they navigate the evolving financial landscape in Europe.
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