BBVA expands crypto access in Spain: Here’s what changed

Key Points

1. BBVA launched crypto services in Spain on July 4, 2025, becoming the first traditional bank in the country to do so under MiCA regulations.

2. The service supports BTC and ETH trading, with custody handled directly by BBVA and full integration with existing BBVA accounts.

3. The service is available to all Spanish residents aged 18 and older with a BBVA account, expanding from earlier limited pilot projects in Switzerland and Turkey.

4. BBVA's compliance with MiCA was approved by Spain's CNMV in March 2025, positioning Spain ahead of other EU countries in implementing MiCA rules.

5. BBVA's crypto offerings are focused on simplicity and security, avoiding features like DeFi, staking, or investment advice, reflecting a compliance-first approach.