BBVA Launches Bitcoin and Ethereum Trading
Date: 2025-03-11 Author: Gabriel Deangelo Categories: BUSINESS
BBVA, Spain’s largest bank, has announced the launch of a service for trading Bitcoin and Ethereum. This step was made possible by the entry into force of the MiCA regulation, which establishes uniform rules for handling crypto assets in the countries of the European Union. The bank began developing the new service back in 2020, and after the introduction of new regulations in the EU, it has been actively promoting its cryptocurrency platform. During the testing phase, the system worked through BBVA’s office in Switzerland, and in January of this year, the trading service was officially launched for the bank’s clients in Turkey.
One of the goals of launching cryptocurrency services is to attract new users who are interested in digital assets. At the moment, the availability of this service in Spain has not yet been clarified, but it is expected that in the future it will be available to all clients of the bank in Europe.
BBVA’s announcement of the launch of cryptocurrency operations comes amid similar initiatives by other major financial institutions. In early March, German investment fund DekaBank, which manages the assets of the country’s largest financial group Sparkassen-Finanzgruppe, also announced the launch of digital asset trading. This move highlights the growing interest of major financial institutions in cryptocurrency markets and confirms their desire to adapt to the changes that are taking place in the regulation of crypto assets.
The launch of the service at BBVA reflects the bank’s efforts to modernize and expand its offerings in the field of fintech. In the future, the bank plans to expand the list of available cryptocurrencies and provide clients with new tools for working with digital assets.
Many experts believe that the mass adoption of cryptocurrencies by major financial institutions could lead to further growth of the crypto market and increased regulation in the field of digital assets, which will have an impact on investments and transactions with crypto assets in Europe and beyond.
