Kraken’s Bold Bunq Play: Crypto Giants Scramble for Europe’s Digital Wallet Dominance
Kraken just threw a grenade in the fintech sandbox—buying Dutch neobank Bunq to turbocharge its EU user base. Here’s why it matters.
The land grab accelerates
With Binance bleeding market share and Coinbase battling regulators, Kraken’s move cuts straight to the chase: control the fiat rails, own the crypto future. Bunq’s 11 million users are now pawns in a high-stakes chess match.
Regulators hate this one trick
By snapping up a licensed bank, Kraken bypasses the EU’s MiCA paperwork nightmare. A masterstroke—or a regulatory time bomb? The ECB’s stress testers are already sharpening their pencils.
The cynical take
Another day, another ‘strategic acquisition’ funded by crypto trading fees extracted from retail bagholders. But hey—at least this time they’re buying real infrastructure instead of another celebrity meme coin.
