Spanish bank BBVA announced it received approval from the country's securities regulator to offer Bitcoin and Ether trading services in Spain, aligned with the EU's recent guidelines on crypto markets.
Regulatory Approval and Service Launch
BBVA received approval from the Comisión Nacional del Mercado de Valores Española to launch an app allowing clients to securely buy, sell, and manage cryptocurrency transactions. This move follows the EU's release of guidelines regarding the operation of crypto services.
BBVA's Crypto Services in Other Countries
The bank previously offered similar services in Turkey and Switzerland. In 2023, its Turkish arm Garanti BBVA began providing crypto custody services, supporting cryptocurrencies like Bitcoin, Ethereum, USDC, and more.
BBVA's Digital Finance Expansion
While expanding its crypto business in Spain, BBVA is also developing open banking services and working on creating a trusted platform for secure trading. This expansion meets EU rules aimed at protecting investors.
BBVA is strengthening its position in digital finance. By offering a safe and simple crypto experience in Spain, the bank aims to increase the number of users interested in digital assets.
