Spanish bank BBVA has officially launched cryptocurrency trading and custody services for Bitcoin and Ethereum for its retail customers in Spain. This move marks a significant expansion of the bank's digital asset offerings within the European Union.
Launch of New Services
Following regulatory approval from Spain’s National Securities Market Commission (CNMV) in March 2025, BBVA’s new service enables legally eligible retail customers to buy, sell, and securely store Bitcoin and Ethereum directly within the bank’s existing mobile banking environment.
BBVA's Custodial Solutions
BBVA has developed an in-house custody solution, managing cryptographic keys internally without relying on third-party custodians or external exchanges. This allows users to conduct crypto transactions autonomously while BBVA refrains from providing investment advice on these assets.
Regulatory Compliance in the EU
This initiative aligns with the European Union’s Markets in Crypto-Assets (MiCA) regulation, which standardizes crypto-asset service provisions across member states and enhances investor protections.
BBVA's rollout of cryptocurrency services after previous ventures in Switzerland and Turkey underscores the bank's commitment to digital banking innovation in Europe.
