Banking group BBVA has opened Bitcoin and Ethereum buying and selling and storage choices for retail prospects in Spain. The service is out there on the financial institution’s cell app for all grownup prospects.
The launch was preceded by the submission of an utility to the Nationwide Securities Market Fee in March 2025.
The financial institution independently holds shopper property and doesn’t interact third-party custodians. Customers carry out transactions themselves. BBVA doesn’t present funding recommendation.
”We wish to make it simpler for our retail prospects in Spain to spend money on crypto property with a easy answer on their cell telephones,” mentioned BBVA’s head of retail banking in Spain, Gonzalo Rodriguez.
The service is compliant with the European MiCA regulation.
BBVA beforehand launched related providers in Switzerland and Turkey by means of a subsidiary—in 2021 and 2023, respectively. Spain is the third market the place the financial institution has launched this service, and the primary the place it’s focused instantly at retail prospects. Head of digital property Francisco Maroto mentioned BBVA will proceed to develop enterprise on this space. The financial institution plans to add new cryptocurrencies, stablecoins, and real-world tokenized property (RWA), reminiscent of bonds and ETFs, sooner or later.
Different Main Banks Integrating Crypto Companies
BBVA is just not alone in embracing digital property. Main banks like JPMorgan Chase and Normal Chartered have additionally built-in cryptocurrency providers, providing buying and selling, custody, and blockchain-based options to their purchasers.
This rising development displays the rising demand for regulated crypto entry inside conventional banking, signaling a shift within the monetary business towards broader digital asset adoption.
