Spanish bank BBVA gains approval for crypto trading
BBVA has gained approval to offer Bitcoin and Ether trading to its clients in Spain.
Spanish banking giant BBVA has received approval from the country’s financial regulator to offer Bitcoin and Ether trading to its clients.
The lengthy process, which began years ago, is now complete after the bank awaited clear regulations under the EU’s MiCA framework.
BBVA initially explored launching crypto services in Switzerland due to its established regulatory environment, but with MiCA now fully in effect, the bank has secured approval in Spain.
BBVA’s recent expansion into crypto trading in Turkey through a local subsidiary led to this development.
Other major European banks have also entered the crypto space, with Deutsche Bank developing an Ethereum rollup and Société Générale launching a euro stablecoin. BBVA’s move signals the growing institutional adoption of digital assets globally.
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