- FreeBnk seeks to usher in a new era of investing with its Crypto2Stocks feature.
- The feature promises investors greater flexibility and efficiency.
- The feature represents a key piece of FreeBnk’s “super app” plans.
As crypto continues to move from its niche libertarian roots to a globally accepted asset class, legacy institutions and native Web3 projects are increasingly exploring intersections between the nascent market and traditional finance. Among these entities is FreeBnk, a crypto-focused financial services platform.
FreeBnk recently launched Crypto2Stocks, a feature the firm hopes will further bridge the gap between traditional finance and crypto. In a recent interview, the company’s founder, Yunus Emre Ozkaya, explained how he expects the new feature to usher in a new era of investing.
“Flexibility and Efficiency”
Crypto-focused financial services firm FreeBnk seeks to usher in a new era of investing with its Crypto2Stocks feature. In a recent interview, when asked how Crypto2Stocks could change the investment landscape, FreeBnk founder Yunus Emre Ozkaya tipped the feature to offer better “flexibility and efficiency” to the modern investor.
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"For too long, crypto and traditional investments have existed in separate silos, which is a disservice to today’s investors who value flexibility and efficiency," he asserted.
The Crypto2Stocks feature allows traders to purchase stocks on the FreeBnk app using stablecoins or FreeBnk’s native token FRBK and vice versa, allowing them to hold all their assets within a single platform. Explaining the motivation for the feature, FreeBnk’s Ozkaya asserted:
"We wanted to create a solution that enabled users to quickly diversify their portfolios across crypto and traditional stocks within the same platform. With Crypto2Stocks, our users can leverage the high-growth potential of crypto while also participating in the stability of traditional assets—all in one place."
Ozkaya stressed that FreeBnk was able to bridge the gap between stocks and crypto while still offering users a seamless experience.
How FreeBnk’s Crypto2Stocks Works
When asked how Crypto2Stocks worked, FreeBnk’s Ozkaya detailed that it was as simple as picking a stock on any retail-friendly brokerage platform and placing an order, only unlike most brokers, users can do so with crypto.
“It’s incredibly user-friendly; users simply choose the stocks they want to invest in, and the platform handles the crypto-to-stock transaction seamlessly,” he enthused.
Further detailing the process, Ozkaya emphasized that the process had been optimized to be as convenient as possible.
“For example, users can purchase stocks with USDT or FRBK, and when they’re ready to take profits, they can convert their gains back into crypto. The entire process is streamlined for maximum convenience, making it easier than ever to switch between asset classes in real-time.” he contended.
However, creating such an experience did not come easily. Responding to questions about the challenges faced in creating the feature, Ozkaya detailed that the firm had to navigate several regulatory hurdles.
“Integrating crypto with traditional stocks was undoubtedly challenging. We had to ensure that the feature complied with regulatory standards across different regions while maintaining the security and privacy our users expect from us,” he stressed.
Beyond regulations, FreeBnk also had to tackle limitations around liquidity and settlement.
“There were also technical hurdles related to liquidity and settlement times, which differ between crypto and traditional stocks. We invested a lot of effort in creating a smooth experience for our users, so when they use Crypto2Stocks, they don’t see any of the backend complexities—just a seamless trading experience,” he explained.
Meanwhile, Crypto2Stocks is one of many features lined up for FreeBnk.
“A Super App”
Speaking about how Crypto2Stocks fits into FreeBnk’s long-term goals, Ozkaya described it as “a natural extension” of the project’s goal to become an all-in-one platform for all financial services, “a super app” in short.
"At FreeBnk, we aim to create an all-in-one financial platform that gives users complete control over their wealth. We call it a 'super app' because we want it to be the single hub for all financial needs—crypto trading, stock investments, or other financial tools. Crypto2Stocks is a natural extension of that vision," he asserted.
When asked what’s next for FreeBnk, Ozkaya suggested several other features, including AI-driven portfolio management, were in the works.
“Crypto2Stocks is just the beginning. We aim to continue enhancing the user experience and adding more features that help users manage their wealth more effectively,” he enthused.
“We’re exploring additional assets, potentially including commodities and even real estate, which would further broaden the investment options available on our platform. We’re also looking into adding more automation tools, like AI-driven portfolio management, to help users make more informed decisions.”
At present, FreeBnk offers stocks from popular companies such as Apple, Tesla, and Microsoft. It also supports the trading of commodities like gold.
On the Flipside
- Popular platforms like Robinhood already allow users to hold crypto and stocks in one platform.
- Despite the seeming excitement around the Crypto2Stocks launch, FRBK is down 33% from the October 28 launch, trading at around $0.016 at the time of writing.
Why This Matters
Features like FreeBnk’s Crypto2Stocks point to a future with greater crypto and traditional finance interconnection despite early fears of financial stability risks.
Read this for more on FreeBnk:
Trading Stocks and Gold with Crypto Now Possible on FreeBnk
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