The Dutch Neobank Bunq has started a crypto trade for over 300 cryptocurrencies, including Bitcoin, Ethereum and Solana.
The service starts today and is available to Bunq users in the Netherlands, France, Spain, Ireland, Italy and Belgium. It is offered via octopuses, one of the largest cryptocurrency exchanges in the world.
Bunq plans to gradually expand the offer for the rest of the European farm area (EEA), Great Britain and the USA.
“Our users around the world have long waited for a simple, safe and uncomplicated way to invest in digital assets,” said Ali Niknam, founder and CEO of the bank.
Niknam – which will reveal his growth strategy at TNW conference Bunq founded on 20th Juni in 2012. The Dutch Unicorn Company was grown with over 17 million registered users to Europe's second largest Neobank, behind only 50 million users of Revolut.
The start of his first crypto offer follows a phase of strong growth for Bunq. The company made a profit of € 85.3 million for 2024 and marked the second year of profitability in a row and an increase of 65% compared to the previous year. It was also recently requested for banking licenses in Great Britain And the USA.
With its expansion into the cryptoandel, however, Bunq enters an overcrowded market. The platform will compete with heavyweights, including Revolut – the leading neoobank of the continent and most valuable fintech. Revolut has been offering the crypto trade since 2017 so that users can buy, hold and exchange digital assets in their app.
Neobanks usually earn money with crypto by calculating transaction fees for business or conversions. While the cryptom market was notorious volatile In recent years, in recent years, it is expected to grow significantly in the next ten years.
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