Garanti BBVA, the second largest bank in Turkey by earnings for 2023, has announced its support for Solana 
$219 (SOL) Coin. Last year, the bank began testing cryptocurrencies, and as of 2024, many assets beyond Bitcoin (BTC) 
$91,526 and Ethereum (ETH) 
$3,131 have been made available for support.
Garanti BBVA and Cryptocurrencies
After the collapse of FTX at the end of 2022, major financial institutions opted to launch their own cryptocurrency products. Companies like BlackRock and Fidelity introduced spot BTC and ETH ETFs to address needs for reserve management and corporate trust. This move has allowed clients to entrust their assets to trillion-dollar giants instead of exchanges.
To date, Garanti BBVA has added support for Bitcoin (BTC), Ethereum (ETH), USD Coin (USDC), Ripple (XRP) 
$1, Avalanche (AVAX), and Chiliz (CHZ), offering users the ability to transfer their assets directly to the Garanti application.
Moreover, within the application, users can buy BTC, ETH, USDC, and AVAX directly with USD, which is appealing given the potential risks associated with stablecoins. In November 2023, Garanti BBVA added support for USDC, and in May 2024 for AVAX, with the recent announcement now including Solana (SOL).
Solana (SOL) Highlights
Garanti Bank, with a consolidated asset size of 107 billion dollars, adopted the BBVA brand on June 10, 2019, after being acquired by the Spain-based Banco Bilbao Vizcaya Argentaria. The announcement regarding Solana (SOL) could assist in overcoming the $162 resistance level for BTC.
With SOL Coin now eyeing resistance levels of $188 and $210 above the $162 mark, the current market appears to be facing challenges due to Bitcoin (BTC) experiencing sell-offs above $66,300.
