The speed with which the real world utilization projects of Defi are coming out, the interest of retail investors is increasing in the Crypto World. For some time, the number of cryptocurrency users and investors has increased manifold. Given this new trend, Tradifi Service Provider Compatible is also working continuously to include Defi services in its portfolio. A new chapter is connected to the innovation that is happening continuously to bring Tradifi and Defi together. Europe’s second big Neobank Bunq and Cryptocurrency Exchange Kraken have announced to launch the Crypto Trading Service on Bunq Platform together. Currently, this service will be available to BUNQ users from Netherlands, France, Spain, Ireland, Italy and Belgium. In future, BunQ plans to expand this service to the entire European Economic Area, UK and USA. If you want to understand in easy language How to do cryptocurrency buying and sellSo click on this link.
Banking and Crypto investment on the same platform
Bunq says that users want a platform where banking, savings and investment services get the same place. Keeping this demand in mind, the company had earlier connected stock trading to the platform. Now BunQ is also getting crypto trading on its platform.
Through this integration, BunQ will provide more than 290 cryptocurrency to its more than 1.2 crore users. This includes popular coins like Bitcoin, Ethereum, Solana and will use the technical infrastructure of Bunq, KRAKEN for this. Kraken, Defi and Tradifi are constantly working to bring it together. Kraken earlier launched Crypto Debit Card in association with MasterCard Was.
Coordination with MICA Regulation
After the arrival of Europe’s new Crypto Regulation Policy MICA (Markets in Crypto-Property), cryptocurrency activities are increasing in Europe. Under this law, similar regulations are applied on cryptocurrency throughout the EU, which has made it easier for companies to provide crypto service. But it is a big challenge for Bunq to start service in UK and USA markets, as the regulatory guidelines there are still very strict.
New benchmark for traditional financial service providers
This partnership by Bunq and Kraken sets a new benchmark in Fintech Innovation. This will not only benefit users, but will also increase the pressure on traditional banks to move towards crypto integration. It will now be interesting to see how BUNQ takes its products further by making a balance between regulatory challenges and user demand in the coming time.
Conclusion
Bunq is known for its innovative solutions in Traditional Financial World. Now by bringing Defi and Tradifi, it has shown a new way to traditional banking companies. Which is visible to his futuristic approach given the increasing footprint of cryptocurrency. This step is an indication that future banking will not be limited to savings or loans. In the coming time, it will be common to meet Crypto, Stocks and Traditional Banking Service in the same app. This initiative of Bunq can be said to be the beginning of a new era of digital finance.
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