“The BBVA Spanish Banking Group has launched a Bitcoin and Ethereum trade and storage service for retail customers. The service is available through the bank’s mobile application. Before launching, BBVA applied to the National Securities Market Commission of Spain in March 2025. The Bank saves customers’ assets without attracting third -party castodians. Users carry out all operations on their own. “We want to simplify investment […]”, – WRITE: Businessua.com.ua
The BBVA Spanish Banking Group has launched a Bitcoin and Ethereum trade and storage service for retail customers. The service is available through the bank’s mobile application.
Before launching, BBVA applied to the National Securities Market Commission of Spain in March 2025.
The Bank saves customers’ assets without attracting third -party castodians. Users carry out all operations on their own.
“We want to simplify investing in crypto -assets for retail clients in Spain, offering a convenient solution right in a smartphone,” said BBVA retail banking in Spain Gonssalo Rodriguez.
The service meets the requirements of the European Regulation Mica.
Earlier, BBVA launched similar services in Switzerland (2021) and Turkey (2023) through a subsidiary.
Spain became the third market for the bank and the first where the product is directly focused on retail users.
Francisco Maroto’s digital asset head has stated that BBVA would continue to develop crypto products.
In the future, the Bank plans to add support for new cryptocurrencies, steiblcoins and token assets of the real world (RWA), such as bonds or ETF.
Recall that in December 2023 the Swiss unit BBVA transferred the storage of digital assets to the Metaco Harmonize platform owned by Ripple.
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