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Bunq Breaks Tradition—Partners With Kraken to Bring Crypto to EU Neobanking
Bunq Breaks Tradition—Partners With Kraken to Bring Crypto to EU Neobanking
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Dutch neobank Bunq just handed traditional finance another L—teaming up with Kraken to roll out crypto trading for its 11 million users. Because nothing says ’innovation’ like letting customers YOLO their savings into volatile digital assets between coffee orders.
The move makes Bunq the latest EU fintech to flirt with crypto integration, following Revolut’s shaky dance with regulators. Kraken’s infrastructure will handle the dirty work—Bunq gets to play cool bank while outsourcing compliance headaches.
Watch for the usual suspects: ’educational resources’ that read like moon pamphlets, ’streamlined’ KYC that still takes 72 hours, and at least one executive calling it ’democratization’ while skimming 1.5% in spreads.
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