Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
One of Spain’s Largest Banks Launches Crypto Service for Retail Clients

One of Spain’s Largest Banks Launches Crypto Service for Retail Clients

CoinspaidmediaCoinspaidmedia2025/07/08 22:05
By:Coinspaidmedia

Banco Bilbao Vizcaya Argentaria (BBVA) enabled retail clients in Spain to buy, sell, and hold BTC and ETH directly through its mobile app.

One of Spain’s Largest Banks Launches Crypto Service for Retail Clients image 0

BBVA, one of the largest banks in Spain, launched a crypto custody and trading service for its retail customers within its own mobile application, according to Cinco Días.

The new service allows BBVA’s clients in Spain to buy, sell, and store BTC and ETH without using third-party platforms or custodians. All transactions are initiated by users themselves, and the bank doesn’t provide investment advice.

The service became available after BBVA received a license in March 2025 from the Spanish National Securities Market Commission (CNMV) to operate with digital assets. The service complies with the EU Markets in Crypto-Assets (MiCA) regulation.

BBVA uses its own custody infrastructure, maintaining full control over client asset security. Gonzalo Rodríguez, Head of BBVA’s Retail Business in Spain, said the bank aims to simplify retail customers’ access to crypto investments. Francisco Maroto, Head of Blockchain and Digital Assets at BBVA, noted that additional cryptocurrencies, stablecoins, and tokenized assets will be added to the service in the future.

BBVA is the first TradFi institution in Spain to officially offer crypto services to retail clients. The initiative isn’t new for the bank, similar services were launched in Switzerland in 2021 and Turkey in 2023.

BBVA is among the traditional banking institutions actively expanding its presence in the stablecoin market, planning to compete with Tether. The bank is also an issuer of a local euro-backed stablecoin approved by Banco de España.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

This Week's Preview: Macro "Flood Release" Week—Delayed CPI and the Bank of Japan's "Rate Hike Pursuit"

Key global market data will be released this week, including the U.S. non-farm payroll report, CPI inflation data, and the Bank of Japan's interest rate decision, all of which will significantly impact market liquidity. Bitcoin prices are fluctuating due to macroeconomic factors, while institutions such as Coinbase and HashKey are striving to break through via innovation and public listings. Summary generated by Mars AI This summary was generated by the Mars AI model. Its accuracy and completeness are still being iteratively improved.

MarsBit2025/12/15 05:05
This Week's Preview: Macro "Flood Release" Week—Delayed CPI and the Bank of Japan's "Rate Hike Pursuit"

Weekly Hot Picks: The Fed Cuts Rates and Indirectly "Injects Liquidity"! Silver Replaces Gold as the New Favorite?

The Federal Reserve is cutting interest rates and starting bond purchases, while Japan and other regions may turn to rate hikes. Silver repeatedly hits record highs, SpaceX is set for a 1.5 trillion IPO, and Oracle becomes the litmus test for the AI bubble. The Russia-Ukraine peace process is stuck on territorial issues, the US seizes a Venezuelan oil tanker... What exciting market events did you miss this week?

Jin102025/12/15 03:34
Weekly Hot Picks: The Fed Cuts Rates and Indirectly "Injects Liquidity"! Silver Replaces Gold as the New Favorite?

Key Highlights to Watch at Solana Breakpoint 2025

How does Solana seize market share in an increasingly competitive landscape?

Chaincatcher2025/12/15 03:33
Key Highlights to Watch at Solana Breakpoint 2025
© 2025 Bitget