BBVA, the second-largest financial institution in Spain, is launching a new crypto trading service, allowing customers to buy and manage Bitcoin and Ethereum through its app.
Launch of New Crypto Trading Service
BBVA has announced the launch of a new crypto trading service in Spain, initially available to a small group of users. In the coming months, the service will be accessible to all private customers, following the completion of regulatory formalities under the Markets in Cryptoassets Regulation (MiCA) in Spain.
Features of the New Service
Customers in Spain will be able to manage their crypto transactions alongside regular banking activities. BBVA will use its own custody platform for cryptographic keys without relying on third-party providers.
Expansion of Crypto Trading Beyond Spain
The bank already offers similar services in Switzerland and Türkiye, where it introduced crypto trading in 2021 and 2023, respectively. In Türkiye, Garanti BBVA provides custody services for multiple cryptocurrencies, while in Switzerland, its local unit launched Bitcoin trading in 2021, later adding support for Ethereum and the stablecoin USDC.
The launch of BBVA's new service in Spain shows the growing interest of major financial institutions in the cryptocurrency market and their eagerness to integrate digital assets into traditional banking services.
