BBVA May Expand Bitcoin Trading in Spain With Support From Bitstamp by Robinhood
Main Idea
BBVA has launched Bitcoin and Ethereum trading in Spain through its banking app, partnering with Bitstamp by Robinhood to provide regulated and secure access for retail clients.
Key Points
1. BBVA's new crypto service allows retail clients in Spain to buy, sell, and hold Bitcoin and Ethereum directly within its app.
2. The service is powered by Bitstamp by Robinhood, which acts as a primary liquidity provider and ensures compliance with EU regulations.
3. BBVA is registered under the Markets in Crypto-Assets (MiCA) framework, ensuring consumer protection and transparency.
4. The partnership leverages Bitstamp's long-standing reputation and regulatory compliance to offer institutional-grade execution.
5. Currently, the service is only available to eligible retail customers in Spain, with security ensured through Bitstamp's regulated platform and BBVA's banking infrastructure.
Description
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