Cryptocurrency trading expansion: Bunq introduces cryptocurrency trading in Germany, involving more than 350 digital currencies.
In a move to make crypto investments more accessible, Dutch neobank Bunq has partnered with Kraken, a well-established and safe global cryptocurrency exchange, to offer MiCA-compliant cryptocurrency investments directly within the Bunq app. This partnership allows users in Germany to invest in cryptocurrencies without the need for separate accounts or platforms.
The partnership between Bunq and Kraken enables legally compliant crypto trading in Germany, powered by Kraken's MiCA-licensed infrastructure. This ensures regulatory compliance across Europe, including Germany [1][3][4]. Users can start investing in crypto from just €1 with integrated safety and control features.
Regarding pricing and trading fees, while exact fee details for Bunq Crypto powered by Kraken are not explicitly stated, common practice with Kraken includes transparent trading fees that vary based on trade volume and type. Bunq emphasizes user-friendly access and control, with features such as real-time price alerts and safety shields to support trading confidence [2][5]. For precise trading fees, users typically refer to Kraken’s fee schedule as Bunq Crypto uses Kraken’s backend.
Kraken acts as a "Crypto-as-a-Service" platform for Bunq Crypto. Bunq aims to simplify crypto investments and has found, through an internal survey, that 65% of Europeans desire a platform that combines banking, savings, and crypto investments [6][7].
The partnership is part of Bunq's wider strategy to expand its services in Europe. Bunq plans a Europe-wide rollout of Bunq Crypto within the European Economic Area by the end of 2025, and is also working on regulatory approvals for the British and US markets [8].
Trading fees for Bunq Crypto depend on the respective Bunq subscription, ranging from 0.25 percent in the Elite plan to 1.99 percent per transaction in the Free plan [9]. The optional safety feature of Bunq Crypto, "Safety Shield," holds withdrawal amounts for 24 hours to prevent impulsive sales and fraudulent transactions [10][11].
As the crypto market continues to grow, Bunq and Kraken's partnership represents a significant step towards making crypto investments more accessible and less daunting for beginners who find existing offerings too technical or confusing.
[1] https://www.bunq.com/blog/bunq-kraken-partnership [2] https://www.bunq.com/app/crypto [3] https://www.kraken.com/legal/mica-license [4] https://www.bunq.com/app/crypto/terms [5] https://support.kraken.com/hc/en-us/articles/360058127131-Fee-Schedule [6] https://www.bunq.com/blog/65-europeans-want-a-single-app-for-banking-savings-and-crypto [7] https://www.bunq.com/app/crypto [8] https://www.bunq.com/blog/bunq-crypto-rollout [9] https://www.bunq.com/app/crypto/pricing [10] https://www.bunq.com/app/crypto/safety-shield [11] https://www.bunq.com/app/crypto/terms
Technology integration provides user-friendly access to cryptocurrency trading within the Bunq app, thanks to the partnership with finance leader Kraken. With the launch of Bunq Crypto, security measures like real-time alerts and safety shields ensure a safe and controlled environment for business investments in digital currencies.
