BBVA, the second largest bank in Spain, has announced the launch of Bitcoin and Ethereum trading and custody services for retail customers. These services are available through the bank's mobile app.
New Services from BBVA
BBVA has introduced trading and custody services for Bitcoin and Ethereum for its retail clients through its mobile app. Users can independently buy, sell, and hold cryptocurrency using a self-built custody system.
Regulatory Approval and Security
The launch of new services follows regulatory approval from Spain's National Securities Market Commission (CNMV) in March 2025. Compliance with the European Union's Markets in Crypto-Assets (MiCA) regulation ensures investor protection and market standardization.
Trends in the Financial Market
BBVA's move reflects a broader trend of traditional financial institutions embracing digital assets. The bank plans to expand its offerings, potentially including more cryptocurrencies and tokenized products. A 2023 PwC report indicates that tokenization could reduce transaction costs by up to 30% and speed up cross-border settlements.
The launch of cryptocurrency trading services by BBVA highlights the bank's aim to position itself at the forefront of the evolving financial landscape. This initiative could redefine investment norms and increase cryptocurrency demand among retail customers in Europe.
