Overview
- The FINRA decision authorizes Bunq to operate as a U.S. broker-dealer, marking its first operational expansion beyond Europe.
- The license enables access for American users to trade U.S. stocks, mutual funds, and exchange-traded funds through Bunq’s mobile platform.
- Founder and CEO Ali Niknam said the U.S. move targets users who live, work, and travel across borders.
- At its Update 29 event, Bunq reported 20 million European users and introduced a redesigned app that streamlines banking, investing, and crypto access.
- Bunq also launched flexible crypto staking across multiple EU countries via Kraken with up to 10% annual returns and no mandatory lock-up, while timing for the U.S. securities rollout was not disclosed.