Eric Trump warns banks to adapt or face extinction as blockchain overtakes legacy finance

Banks have about a decade left unless they catch up with blockchain, Eric Trump warned during a stop in Dubai, calling the traditional financial system slow, expensive, and on its way out. During his visit to Dubai, Eric Trump warned that banks have about a decade to adapt to blockchain technology or face becoming obsolete as decentralized finance continues to grow. In an interview with CNBC, Eric Trump, the executive vice president of the Trump Organization, criticized the traditional financial system, calling it “broken,” “slow,” and “expensive.” He added that blockchain technology could offer superior solutions, saying “there’s nothing that can be done on blockchain that can’t be done better than the way that the current financial institutions are working.” Trump also referred to SWIFT, the global financial messaging network responsible for processing nearly 90% of cross-border transactions, as an “absolute disaster,” criticizing the global banking system for being “antiquated” and too focused on the ultra-wealthy. “Our banking system favors the ultra-wealthy. And what actually got me into [cryptocurrency] is the fact I realized our banking system was weaponized against the vast majority of people in our country, either the people that don’t have the zeros on their balance sheet, or people who might have worn that red hat that said ‘Make America Great Again.'” Eric Trump You might also like: ‘Never sell your Bitcoin. I don’t know if that’s right or not’: Donald Trump’s Crypto Summit left more questions than answers As the UAE tries hard to become a global hub for crypto, Trump’s comments appear to reflect his growing support for cryptocurrencies. He also predicted that Bitcoin ( BTC ) would reach $1 million, citing its potential as an alternative to banks. Eric Trump seems to have an eye on Ethereum ( ETH ) too. Back in early February, when ETH was hovering around $2,900, he shared a post on X saying it was “a great time to add Ethereum” and even threw in a “thank me later.” That post didn’t quite hold up though. About five weeks later, ETH plunged over 30% to $1,900, and Eric Trump quietly deleted the “thank me later” part of his post. Read more: Eric Trump says Bitcoin is one of the greatest stores of value

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BNB Chain posts strong Q1 performance despite 15% market cap dip: Messari

BNB Chain delivered a standout Q1 performance in revenue and on-chain metrics, even as its market cap dipped almost 15%. According to a new report by Messari , BNB Chain posted strong revenue performance in Q1 2025, with network earnings jumping 58.1% quarter-over-quarter to $70.8 million. The surge was largely driven by a 122.6% increase in wallet-to-wallet transaction fees, accounting for 17.4% of total revenue, surpassing DeFi. The DeFi category contributed a modest 8.4% of total revenue, growing 7.6% QoQ, while stablecoin-related activities made up 5.2% of revenue, increasing 23.4% QoQ, but with a reduced revenue share of 5.2%. Source: Messari Despite the impressive revenue growth, BNB’s market cap declined by 14.8% over the quarter, ending at $86.2 billion. Still, BNB maintained its rank as the fourth-largest non-stablecoin crypto asset by market cap. You might also like: PancakeSwap records best quarter since launch with $205B in Q1 trading volume As far as on-chain activity is concerned, BNB Smart Chain saw average daily transactions climb 20.9% QoQ to 4.9 million, while daily active addresses jumped 26.4% to 1.2 million. Stablecoins continued to dominate, making up roughly 45% of all transactions at 1.2 million per day, and wallet-to-wallet transfers surged 50.9% to 835,000 daily. Total value locked in BNB Smart Chain rose 14.7% in BNB terms. Source: Messari DEX volume surged 79.3% QoQ, averaging $2.3 billion in daily trading, with PancakeSwap accounting for over 90% of the chain’s total DEX activity. Messari also noted the successful rollout of the Pascal hard fork , which introduced key technical upgrades such as EIP-7702 smart contract wallets, batch transaction support, and improved cryptography. Additionally, the BNB Good Will Alliance, launched in March, helped slash sandwich attacks by more than 90% through coordinated MEV protection efforts. You might also like: Sandwich attacks manipulated 35.5% of BNB Smart Chain blocks in November

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Nexchain sets new standard: CertiK verified and roadmap revamp

Crypto isn’t for the faint of heart. One minute it’s Lambos and lasers, the next

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Arthur Hayes Predicts Bitcoin Price Will Hit $1M by 2028 At Token2049 Event

The post Arthur Hayes Predicts Bitcoin Price Will Hit $1M by 2028 At Token2049 Event appeared first on Coinpedia Fintech News Bitcoin is back at its bullish form and surging past $95,460, reaching a two-month high. Its market cap hit $1.88 trillion, with daily trading volume up 13% to $28 billion. The current price action sits just above the crucial $90K–$92K support range. Looking at the current scenario, Arthur Hayes, CIO of Maelstrom, has once again predicted that Bitcoin could reach $1 million by 2028. Speaking at the Token2049 conference in Dubai, Hayes shared his strong belief that increasing dollar liquidity will be the main force behind a major crypto rally. He encouraged investors to take a bullish stance on both crypto and traditional stocks. BREAKING: At TOKEN2049, Arthur Hayes just dropped a MEGA prediction — #Bitcoin to hit $1 MILLION by 2028 “Get ready for the biggest wealth transfer in history.” The countdown has begun… #BTC #Crypto #ArthurHayes #Token2049 #BullRun #HODL #MillionDollarBitcoin … pic.twitter.com/LouuQuTgMC — The Orange Pill Feed ₿ (@Sats_stacking56) April 30, 2025 U.S. Liquidity Could Push Markets Higher Hayes pointed out that the U.S. economy is likely heading for another round of money printing. He compared the current market to the third quarter of 2022, when fears around rising interest rates and the FTX collapse were high. At that time, the U.S. stepped in with $2.5 trillion through a funding program, helping markets recover. Hayes believes a similar wave of liquidity is coming, and this will benefit Bitcoin. Trump’s Tariff Plans Create Market Stress Market uncertainty has increased after President Donald Trump announced plans to impose heavy tariffs on major trading partners. Although the tariffs have been paused for 90 days, investors remain cautious. Hayes mentioned that Federal Reserve Chair Jerome Powell may not be willing to step in and ease market stress under Trump’s leadership. However, he believes hedge funds will step up by buying U.S. debt, which could quietly increase market liquidity. According to Hayes, all of these points point to a strong environment for Bitcoin growth. As more money flows into the system, investors are likely to turn to assets like Bitcoin that can hold long-term value. Hayes strongly believes that this will push Bitcoin’s price to $1 million by 2028. With macro uncertainty and more liquidity on the horizon, he sees this as the perfect setup for a major bull run. How High can Bitcoin Price Go? Standard Chartered’s Geoff Kendrick forecasts Bitcoin reaching $120,000 in Q2, driven by U.S. asset withdrawals and strong investor demand. He maintains a year-end target of $200,000, supported by ETF inflows, institutional interest, and potential stablecoin legislation. What… pic.twitter.com/79KSwzUytN — Kapoor Kshitiz (@kshitizkapoor_) April 28, 2025 On the flip side, Standard Chartered’s Geoffrey Kendrick projects BTC to reach $120K in Q2 and possibly $200K by year-end, supported by whale accumulation, macroeconomic realignment, and safe-haven flows from gold into BTC. While, apsk32 expects BTC to hit $130K–$200K+ by year-end, citing network growth, accumulation, and four-year market cycles. Sina notes Bitcoin is now in the “Transition” phase, with milestones at $130K and $163K before acceleration begins.

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Eric Trump Warns: Global Banks Must Adopt Crypto or Die Out

The post Eric Trump Warns: Global Banks Must Adopt Crypto or Die Out appeared first on Coinpedia Fintech News When someone from the Trump family talks, the entire finance and crypto worlds stop to listen. Now, Eric Trump has issued a a clear warning to global banks – get on board with cryptocurrency or risk vanishing within the next ten years. Speaking to CNBC in Dubai on April 30, the Trump Organization executive didn’t hold back, calling the current financial system “broken,” “slow,” and designed to serve only the ultra-wealthy. Is this just another pitch for crypto? Not really. It’s coming from someone who says the system pushed him out. So, why is one of America’s most recognizable business figures suddenly so bullish on blockchain? Let’s break it down “It Forced Me Into the Crypto World” Trump revealed that banking inefficiencies pushed him toward digital assets, warning that banks have just ten years to adapt – or disappear. “If the banks don’t watch what’s coming, they’re going to be extinct,” he said. He reserved particular criticism for SWIFT , the global messaging network used for cross-border transactions, calling it an “absolute disaster.” Trump argued that blockchain technology offers faster, cheaper, and more transparent solutions that threaten to replace legacy systems entirely. “You can open up a DeFi [decentralized finance] app right now, you can open up any cryptocurrency app, and you can send money, wallet to wallet, instantaneously, without the expense, without the variability.” While Banks Push Back, Crypto Marches On Despite his stark message, many global banks remain hesitant. Some institutions, like the Bank of Italy , continue to push against stablecoins and Bitcoin investments. But Trump’s forecast reflects growing optimism within the crypto industry, as major players anticipate increased adoption – especially in the wake of a more crypto-friendly U.S. administration, policies, and regulation. He’s also very confident about where this is all headed. Back in December 2024, he made headlines by predicting Bitcoin would eventually hit $1 million per coin . His reasoning? As the demand for faster, decentralized, and more inclusive financial tools grows, he believes global governments and institutions will have no choice but to embrace crypto to stay competitive. Times are indeed looking up, so will players adapt? The Trump Family’s Full Crypto Pivot Eric Trump’s warning have grave meaning behind them. Along with his brother Donald Trump Jr., he co-founded American Bitcoin , a mining firm built with Hut 8 CEO Asher Genoot. The duo is also behind World Liberty Financial , a new firm working to launch a U.S. dollar-backed stablecoin. According to Eric, the family’s shift to crypto was born out of necessity. “We were the most canceled company, probably on Earth, ” he said, referring to banks cutting ties and government scrutiny. Their foray into meme coins, mining, and decentralized finance is more like a stand against a system they say turned its back on them. And now, Eric Trump is betting that same system is on borrowed time.

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$500M Telegram Bond Fund Set to Launch on TON

The post $500M Telegram Bond Fund Set to Launch on TON appeared first on Coinpedia Fintech News Libre, a tokenization firm, is launching the Telegram Bond Fund (TBF) on the TON blockchain. The fund will tokenize $500 million worth of Telegram’s debt, offering accredited investors access to high-quality yield products. Backed by Telegram’s $2.4 billion in outstanding bonds, these tokenized assets can also be used as collateral for on-chain borrowing and project development on the TON network. It’s a major move bringing institutional finance directly into the crypto world.

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El Salvador’s Defiant Bitcoin Purchases Challenge IMF Conditions

Welcome to the forefront of the global financial revolution, where sovereign nations are exploring new monetary frontiers. Today, we delve into the fascinating case of El Salvador Bitcoin adoption and the international dynamics surrounding it. The Central American nation, under the leadership of President Nayib Bukele, has taken a bold stance by making Bitcoin legal tender and actively accumulating the digital asset. However, this strategy hasn’t been without its challenges, particularly from traditional financial institutions like the International Monetary Fund (IMF). Understanding the Stance: Why is El Salvador Buying Bitcoin? El Salvador Bitcoin strategy isn’t just about holding a digital asset; it’s a cornerstone of President Bukele’s vision for economic independence and innovation. The country became the first in the world to adopt Bitcoin as legal tender in September 2021. This move was aimed at facilitating remittances, boosting financial inclusion for its unbanked population, and attracting foreign investment and tourism. The government hasn’t stopped there. Since officially adopting Bitcoin, El Salvador has periodically announced purchases of BTC, building up a treasury reserve. These purchases are often timed during market dips, a strategy President Bukele himself has highlighted on social media. The rationale appears to be a belief in the long-term value appreciation of Bitcoin and its potential to serve as a hedge against inflation or currency devaluation, much like gold is traditionally viewed by central banks. Economy Minister María Luisa Hayem recently reinforced this commitment in an interview, stating that President Bukele remains dedicated to accumulating assets, with Bitcoin being a crucial part of this project. She noted the involvement of both the government and the private sector in this asset accumulation, suggesting a broader national buy-in beyond just state reserves. The IMF El Salvador Relationship: A Balancing Act? El Salvador’s ambitious Bitcoin pivot has placed it at odds with the International Monetary Fund (IMF). The IMF, a global financial institution that provides loans and economic advice, has expressed significant concerns about El Salvador’s Bitcoin adoption. Their worries primarily revolve around potential risks to financial stability, consumer protection, and the economic implications of price volatility. These concerns became particularly relevant in the context of a potential $1.4 billion loan agreement between El Salvador and the IMF. While details of the negotiations are often private, reports, including those from Bloomberg, indicate that discussions around the loan have included conditions related to the country’s Bitcoin strategy. Specifically, the IMF has reportedly urged El Salvador to reduce the risks associated with Bitcoin, which could imply scaling back its direct exposure through purchases and potentially reconsidering its legal tender status. The IMF’s position is rooted in its mandate to ensure global monetary cooperation and financial stability. They view the widespread use of a volatile, decentralized asset like Bitcoin as potentially undermining traditional monetary policy and creating vulnerabilities within the financial system. Their recommendations typically lean towards greater regulation, transparency, and a more cautious approach to integrating cryptocurrencies into national economies. Navigating Conditions: Is El Salvador Complying? According to recent reports, despite the ongoing dialogue and the conditions reportedly tied to the potential $1.4 billion loan agreement with the IMF, El Salvador has continued its pattern of Bitcoin purchases. The country’s Bitcoin Office has publicly shared updates on these acquisitions via social media platforms, indicating that the accumulation strategy remains active. This apparent continuation of buying Bitcoin, even while negotiating or operating under the terms of a potential IMF agreement that includes stipulations to ‘scale back’ such acquisitions, raises questions among investors and observers about the extent of El Salvador’s compliance. While the exact details of the agreement’s conditions are not always fully public, the public display of ongoing purchases suggests a potential divergence from the IMF’s recommendations regarding direct state exposure to Bitcoin’s volatility. However, it’s important to note that the IMF agreement reportedly included other conditions aimed at improving fiscal accounts and allowing businesses the choice of whether or not to accept Bitcoin, rather than mandating its acceptance universally. El Salvador’s government has indicated efforts towards fiscal improvements, and the reality on the ground shows that while Bitcoin is legal tender, its adoption by businesses is not always mandatory or widespread. The situation presents a complex picture: El Salvador appears to be pushing forward with its core Bitcoin accumulation strategy, which the IMF views critically, while potentially working towards other fiscal or regulatory reforms that align more closely with IMF advice. Nayib Bukele Bitcoin Vision: A Long-Term Play? President Nayib Bukele has been the driving force behind El Salvador’s Bitcoin experiment. His vision extends beyond just legal tender status and treasury accumulation. He has championed initiatives like the state-backed Chivo wallet to facilitate transactions, promoted Bitcoin mining powered by geothermal energy from volcanoes, and proposed the issuance of ‘Volcano Bonds’ – sovereign bonds intended to fund Bitcoin City, a planned city centered around Bitcoin and volcanic energy. Bukele’s public statements and social media activity often portray Bitcoin as a tool for national sovereignty, financial freedom, and a potential path to economic prosperity outside the traditional global financial system. His government views Bitcoin not just as an asset but as a technology with the potential to reshape the economy. The continued purchases, despite external pressure, underscore Bukele’s unwavering commitment to this vision. It suggests a belief that the long-term benefits and potential appreciation of Bitcoin outweigh the short-term financial stability concerns raised by institutions like the IMF. For Bukele, Nayib Bukele Bitcoin strategy is a legacy project aimed at positioning El Salvador as a leader in the digital economy. Investor Concerns and Market Implications The dynamic between El Salvador’s Bitcoin strategy and its relationship with the IMF is closely watched by investors. Concerns arise primarily from: Financial Stability: The volatility of Bitcoin’s price introduces risk to the national treasury and could impact the country’s ability to manage its finances, especially concerning debt obligations. IMF Relationship: A strained relationship with the IMF could jeopardize access to crucial international funding and potentially impact the country’s credit rating, making it harder to borrow on international markets. Loan Compliance: Questions about whether El Salvador is fully adhering to loan conditions could create uncertainty about the future of the agreement and the country’s economic trajectory. Adoption Challenges: While legal tender, widespread adoption of Bitcoin for daily transactions still faces hurdles, impacting the practical benefits of the policy. Despite these concerns, some investors see El Salvador’s commitment as a bullish signal for Bitcoin adoption globally, viewing the country as a pioneer. The success or failure of El Salvador’s experiment could significantly influence how other developing nations approach cryptocurrencies. El Salvador Crypto Landscape Beyond Bitcoin While Bitcoin takes center stage, El Salvador crypto landscape is evolving. The government’s embrace of Bitcoin has opened the door for broader interest in the crypto space within the country. While Bitcoin is the only legal tender cryptocurrency, other cryptocurrencies are traded and used by individuals and businesses. The focus remains heavily on Bitcoin due to the government’s strategic initiatives. However, the infrastructure built to support Bitcoin (like the Chivo wallet and increased digital literacy) could potentially facilitate the future adoption or use of other digital assets or blockchain technologies within the nation’s economy. What Does This Mean for the Future? El Salvador’s ongoing decision to buy Bitcoin despite IMF pressure highlights a fundamental tension between traditional financial governance and the emerging world of decentralized digital assets. It forces a global conversation about national sovereignty, economic strategy in the digital age, and the role of international institutions. For El Salvador, the path ahead involves balancing its bold Bitcoin vision with the realities of international finance and the need for economic stability. The success of their strategy will likely depend on several factors: The long-term performance and stability of Bitcoin’s price. The government’s ability to manage fiscal accounts effectively, independent of Bitcoin volatility. Increased voluntary adoption of Bitcoin by citizens and businesses. The outcome of negotiations and the ongoing relationship with the IMF and other international bodies. The world is watching El Salvador. Their experiment is a real-world test case for national Bitcoin adoption, offering valuable lessons for policymakers, investors, and the cryptocurrency community alike. Conclusion: A Defiant Path Forward In summary, El Salvador continues its determined path of accumulating Bitcoin, standing firm on its belief in the asset’s long-term potential despite explicit pressure from the IMF to curtail such activities as part of potential loan conditions. This situation underscores President Bukele’s unwavering commitment to his unique economic vision centered around Bitcoin. While this strategy introduces financial volatility risks and creates friction with traditional global financial institutions, it also positions El Salvador as a pioneering nation in the adoption of digital assets. The interplay between El Salvador’s sovereign economic decisions and the advice of bodies like the IMF will continue to be a critical narrative shaping the future of national cryptocurrency integration. To learn more about the latest El Salvador Bitcoin developments and how they impact the crypto market, explore our article on key trends shaping Bitcoin El Salvador policy and institutional adoption.

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Trump-Backed Stablecoin USD1 Achieves Astonishing $1 Billion Milestone

In the ever-evolving world of digital assets, a notable development has captured the attention of market watchers: the Trump-backed stablecoin , known as USD1 , has officially surpassed the significant mark of a $1 billion market capitalization. This achievement signals growing traction for the digital currency associated with the World Liberty Financial (WLFI) initiative, highlighting its expanding presence within the crypto ecosystem. What is the Trump-Backed Stablecoin, USD1? USD1 is a stablecoin launched under the umbrella of World Liberty Financial (WLFI), an initiative that has garnered attention due to its association with former President Donald Trump. Stablecoins are a class of cryptocurrencies designed to minimize price volatility, typically by pegging their value to a stable asset like the U.S. dollar, a commodity, or a reserve of other cryptocurrencies. The goal is to offer the benefits of blockchain technology, such as fast and cheap transactions, while avoiding the wild price swings common in assets like Bitcoin or Ethereum. Unlike fully decentralized stablecoins, USD1’s structure and backing mechanisms are key points of interest and scrutiny. Its connection to a prominent political figure adds a unique dimension, blending finance, technology, and politics in a way not commonly seen in the crypto space. How Did USD1 Reach a $1 Billion Market Cap? The journey to a $1 billion valuation for USD1 was significantly accelerated by recent activity on the BNB Chain . According to reports, including one from CryptoSlate, on-chain data revealed a series of rapid minting events. These mints injected hundreds of millions of dollars’ worth of USD1 tokens into the network in a relatively short period. While USD1 also exists on the Ethereum network, the recent surge in market cap was largely driven by this concentrated activity on the BNB Chain . Combining the supply across both chains, the total market capitalization for USD1 climbed to over $1.02 billion. What Does a $1 Billion Valuation Signify for This Trump Crypto Initiative? Reaching a $1 billion market capitalization is a significant milestone for any digital asset, and for a stablecoin linked to a specific political figure like this Trump crypto project, it carries particular weight. This valuation suggests: Increased Adoption or Interest: Whether driven by speculative interest, support for the associated political figure, or actual utility, a $1 billion cap indicates a substantial amount of capital flowing into the asset. Growing Liquidity: A larger market cap often translates to deeper liquidity, making it easier for participants to buy and sell the stablecoin without significantly impacting its price. Validation (to some extent): While not a guarantee of long-term success or stability, crossing the $1 billion threshold lends a degree of perceived legitimacy and scale within the crypto market. Potential for Wider Use: With a larger supply and market cap, USD1 could potentially be integrated into more platforms, exchanges, or services, expanding its utility. For World Liberty Financial , this valuation provides a strong talking point and demonstrates tangible growth for their digital currency efforts. Challenges and Considerations for Politically Linked Stablecoins While the $1 billion market cap is a notable achievement, stablecoins with strong political ties also face unique challenges: Regulatory Scrutiny: Assets linked to prominent political figures may attract heightened attention from regulators globally, potentially leading to increased compliance burdens or restrictions. Public Perception: The political association can be both a strength (attracting supporters) and a weakness (alienating opponents or raising questions about neutrality). Concentration Risk: Understanding the nature of the rapid mints – who initiated them and for what purpose – is crucial for assessing potential risks related to supply concentration or centralized control. Trust and Transparency: Like all stablecoins, the fundamental trust in USD1 depends on the transparency and verifiability of its reserves and backing mechanisms. The political link adds another layer of complexity to this trust equation. The success and sustainability of USD1 will depend not only on market dynamics but also on navigating these specific political and regulatory landscapes. Comparing USD1’s Presence on BNB Chain vs. Ethereum USD1 exists on both the Ethereum network and the BNB Chain . Ethereum is known for its robust ecosystem and widespread adoption, while BNB Chain is often favored for its lower transaction costs and faster speeds. The recent rapid minting activity primarily occurring on the BNB Chain suggests a strategic choice, perhaps aimed at leveraging its efficiency for large-scale token distribution or initial liquidity provision. Having a presence on multiple chains can increase accessibility for users, but it also requires managing liquidity and potentially bridging assets between networks. What’s Next for World Liberty Financial and USD1? With the $1 billion milestone reached, the focus for World Liberty Financial will likely shift towards maintaining this valuation, increasing utility, and potentially expanding the stablecoin’s reach. Key areas to watch include: Further integrations with exchanges and DeFi platforms. Communication regarding the stablecoin’s reserves and auditing. How regulatory bodies react to the growth of this politically associated asset. Whether the momentum on BNB Chain continues or if activity shifts back towards Ethereum or other networks. The trajectory of this Trump crypto project will offer valuable insights into the intersection of politics, finance, and decentralized technology. Summary: A Billion-Dollar Stablecoin Enters the Spotlight The Trump-backed stablecoin , USD1 , has achieved a significant financial landmark by exceeding a $1 billion market capitalization, largely propelled by substantial minting activity on the BNB Chain . This milestone positions World Liberty Financial’s digital currency as a notable player in the stablecoin market, albeit one operating under the unique lens of political association. While the $1 billion valuation underscores growing interest and potential liquidity, the project must navigate inherent challenges related to regulation, public perception, and maintaining trust through transparency. The future performance of USD1 will be closely watched as it continues to develop within the complex landscape of crypto and politics. To learn more about the latest explore our article on key developments shaping stablecoin market trends and institutional adoption.

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ALPACA Prices Plunge Over 50% in Gate.io Flash Crash Before Rebounding: What Traders Need to Know

On April 30th, the cryptocurrency exchange Gate.io witnessed a significant market fluctuation as ALPACA perpetual contract prices plummeted over 50% within a mere ten minutes, reaching a low of $0.4337.

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Bunq partners with Kraken to launch crypto trading services

Bunq, the second largest neobank in the EU, is expanding its services to include crypto trading with the help of crypto exchange Kraken. With more than 17 million users across Europe, the Dutch neobank plans to launch a crypto trading service called Bunq Crypto. The service will be initially available across six European nations, including the Netherlands, France, Spain, Ireland, Italy, and Belgium. However, the bank’s CEO declared it will soon be available across the rest of the European Economic Area. Launched in partnership with crypto exchange Kraken , users will be able to open an account “within seconds” and trade more than 300 crypto assets, including major assets like Bitcoin ( BTC ), Ethereum ( ETH ), and Solana ( SOL ). According to a report by Tech EU, the bank decided to dive into crypto due to high customer demand. Research conducted by the European bank showed that around 65% of European citizens want to manage all their funds — including banking, savings, and crypto investments — all in one platform. You might also like: Mastercard teams up with Kraken to expand crypto payment services across Europe In addition, the bank also plans to expand its crypto trading services into U.S. and U.K. markets, where it has applied for operating licenses. Bunq founder and CEO Ali Niknam said the bank had wanted to provide crypto services for users earlier. However, due to regulatory constraints, it has refrained from making that leap. Now that the region has adopted clearer regulations for firms dealing with crypto, the bank has chosen to proceed with its plans. “The regulatory landscape has changed and is now more susceptible to this kind of innovation; as always Bunq dived in and now we’re the first bank to deliver crypto!” said Niknam. Most recently, Revolut also launched a crypto service through its mobile crypto exchange app. It is available for users based in the U.K. and the broader European Economic Area. Through the app, users can trade more than 400 cryptocurrency pairs and 220 digital tokens. Read more: Revolut launches mobile crypto app for U.K. and EEA users

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