The Second Big Bank of Spain BBVA will offer Bitcoin customers, Etherum Trading

The second largest bank of Spain, Banco Bilbao Vizcaia Argentaria (BBVA) will soon allow customers to buy, sell and manage transactions Bitcoin and Etherum over her application.

Initially, the service will be classified at the “small group of users” and gradually spread to all private bank customers in Spain over the coming months.

Moves monitors BBVA satisfactory all EU market requirements in the Kratto-means regulation (Mica) and filling the necessary formalities with the Spanish Securities Commission and Exchange (CNMV).

The Bank did not mention when planning to remove customers who have not been applied for private banking, which means that new functions are only relevant to those who can prove that the bank’s wealth requirements, at least in the short term.

BBVA offered similar services in Switzerland from 2021. years, but again only users of Private Banking Groups and Turkey (via Wife Guarantee BBVA Crypto) from January 2025. years.

Banks and Cripto

With the exception of the Revolution, which offers CRIPTO trading in retail consumers in many markets By 2017 yearsIt is still quite unusual to see the main bank that offers crypto trading for non-institutional clients. Bbwa is among The largest European banks by property.

Some banks are already offering a combination of crypto trading and traditional banking services, such as Switzerland Dukaskopi BankBut many, like Switzerland AminaBranded explicitly as a “crypto bank”.

But even if they do not offer crypto trading their clients, directly, established historical European banks offer cripto services that are now Introduction Mica has provided more regulatory clarity.

Last month, Multination Bank Standard Chartered announced a new entity Headquarters in Luxembourg, offering Cripto and Digital Asset Shedi Services in the European Union.

Meanwhile, other recognizable European banks make significant purchases of bitcoins to add their corporate cash registers. In January, the largest bank of Italy, Intesa Sanpaolo, bought 11 BTC worth a million euros (million dollars), Become the first Italian bank to make a direct investment in cryptocurrency.