BBVA brings Bitcoin and Etherum Trading Service for Spanish customers

Spanish Bank BBVa launches a Cripto Trading Service, allowing customers to buy, sell and manage Bitcoin and Etherem through her application.

The second largest Spanish financial institution with property volume, BBVA, is set to open a new crypto trading service Spainallowing clients to buy and manage two largest cryptocorries market capitalization, bitcoin (Btc) and Etherum (El).

10. Marta announcementThe bank giant said that the service would first be available to a small group of users before all private customers expand in the coming months. Launches comes after the regulatory formalities of BBV under markets in the Kruptoases regulation – also known as Mića – with the Spanish Financial Regulator.

Customers in Spain will be able to manage their crypto transactions in addition to regular banking activities, banks say. The BBVA will use its own guardianship platform for cryptographic keys without reliance on third party providers.

“We want to make our customers easier to invest in cryptoases available from their mobile phones, in a fully digital way. Our goal is to explore this new segment of digital assets, assisted by solvency and security provided by the bank like BBVA.”

Gonzalo Rodriguez, Head of Retail Banking in Spain

The Bank already offers similar services in Switzerland and Turkie, where Cripto trading was introduced in 2021. and 2023. years. In Turkie, Guarantee BBVA provides detention services For more than one chin. In Switzerland, his local unit launched Trading Bitcoin 2021. year, later supported for Stablecoin Kovanice Etherum and Circuin StableCoin (USDC).