CoinWorld reported:
European neobank bunq announced today (Wednesday) that it has entered the wealth management sector with the launch of stock trading on its platform. The company is targeting the growing digital nomad community, enabling them to access popular U.S. and EU-listed company stocks and exchange-traded funds (ETFs).
Interwoven Launches Across Europe
Initially, bunq users in France and the Netherlands will have access to the stock trading service, but the company plans to expand throughout Europe.
bunq founder and CEO Ali Niknam stated, “Investing in stocks should be as easy as making a payment or checking your balance.” “That’s why we designed the simplest way to invest, allowing our users to buy shares in some of the world’s most exciting companies within seconds.”
bunq’s launch comes just one day after
Revolut released its standalone wealth management app, offering stocks, bonds, and even contracts for difference (CFDs).
Financial giant
is also disrupting
Revolut’s CFD trading with CMC Connect, which provides execution and clearing services for these derivative contracts.
bunq is not targeting high-income investors; instead, it focuses on digital nomads, who are also one of its primary user groups. According to the company, 47% of European digital nomads are already actively investing, and 41% are considering starting to invest in the next 12 months. Furthermore, over half of these digital nomads are long-term investors, with 57% preferring to invest on the go.