- After launching the market, users are allowed to open an account in a second and get the opportunity to trade over 300 cryptocurrencies.
- The regulatory landscape is constantly changing and now demand for this kind of innovation has increased.
Neobank Bunq, who operates in 30 European countries, spreads its services and works with Kraken to include cryptocurrency. With over 17 million users in Europe, BunQ has intended to introduce the cryptocurrency service, known as the Bunq crypto.
Trade services are provided in six European countries, such as the Netherlands, France, Spain, Ireland, Italy and Belgium. The Bank's CEO confirmed that the service will soon be available in the rest of Europe.
After triggerUsers are allowed to open an account in a second and get the opportunity to trade over 300 cryptocurrencies, including the main players such as Bitcoin, Ethereum and Solana.
High customer demand for crypto
The Tech EU report shows that the bank decided to integrate crypto due to high demand for customers. The European Bank conducted research showing that about 65% of the European population wants to manage all their resources, such as banking, savings and savings crypto Investments, all on one platform.
By adding more to this, the bank plans to extend cryptocurrency services to the US and British markets where it has applied for operating licenses. Ali Niknam, CEO and founder of Bunq, revealed that the bank wanted to provide users with cryptocurrencies earlier.
But due to regulatory restrictions, it did not make this jump. Currently, the regulations of crypto companies are now clearer and the bank will continue its plans.
The regulatory landscape is constantly changing and now demand for this kind of innovation has increased. Recently, Revolut also introduced a cryptocurrency service through its mobile cryptocurrency application.
The service is accessible to the UK users and some of the European Economic Areas. The application allows users to trade more than 400 crypto pairs with 220 digital signs.
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