Spanish banking giant BBVA is poised to offer Bitcoin $103,777 and Ether trading services to its customers after receiving approval from the Spanish securities regulator. Initially, the service will be available to a limited number of clients, with plans for gradual expansion to all private customers. BBVA will integrate cryptocurrency trading and management operations through its mobile application, reflecting the growing interest of traditional financial institutions in the cryptocurrency market due to the implementation of MiCA regulations in Europe.
Details of BBVA’s Cryptocurrency Services
BBVA will secure cryptocurrency transactions with its proprietary cryptographic key protection system. This system ensures that customer assets are managed without third-party intervention. According to the bank’s statement, users will have full control over their assets.
BBVA’s experience in cryptocurrency began with private banking services in Switzerland. The bank first offered Bitcoin holding and trading capabilities, later adding assets such as Ether and USDC. Its Turkish subsidiary, Garanti BBVA Kripto, launched public trading services in January 2025, further enhancing the bank’s influence in the global cryptocurrency market.
Cryptocurrency Regulations in Europe
The European Union’s MiCA regulations are shaping BBVA’s cryptocurrency services. MiCA mandates cryptocurrency service providers to comply with specific standards. Traditional financial institutions are accelerating their licensing applications to adhere to these regulations.
Companies like Hidden Road, Standard Chartered, and Boerse Stuttgart Digital Custody are obtaining MiCA licenses, while platforms like OKX and Crypto.com are navigating the compliance process. The transitional period in Europe has led to an increase in applications from various countries. Experts predict that these regulations will make the cryptocurrency market more reliable for institutional investors.