BBVA Opens Access to Bitcoin and Ethereum for Retail Clients
2025-07-07 20:53:51
Main Idea
BBVA has launched a crypto asset service for retail customers in Spain, compliant with European MiCA regulation, and plans to expand its offerings to include more cryptocurrencies and tokenized assets.
Key Points
1. BBVA's new crypto service allows retail customers in Spain to perform transactions via their cell phones, following similar launches in Switzerland and Turkey.
2. The service is compliant with the European MiCA regulation, ensuring regulatory adherence.
3. BBVA plans to expand its crypto offerings to include new cryptocurrencies, stablecoins, and tokenized assets like bonds and ETFs.
4. Other major banks, such as JPMorgan Chase, are also integrating crypto services like trading, custody, and blockchain solutions.
5. The article mentions unrelated crypto news, including XRP's market performance, a Solana ETF, and Elon Musk's political party announcement.
Description
Banking group BBVA has opened Bitcoin and Ethereum trading and storage options for retail customers in Spain. The service is available on the bank's mobile app for all adult customers. The launch was preceded by the submission of an application to the National Securities Market Commission in March 2025. The bank independently holds client assets and does not engage third-party custodians. Users perform transactions themselves. BBVA does not provide investment advice. ”We want to make it easier f...
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