Spanish Bank BBVA Gets Green Light to Offer BTC and ETH Trading: Report
BBVA had been working on allowing crypto trading services since 2020.
Spanish financial giant Banco Bilbao Vizcaya Argentaria (BBVA) has received approval from Spain's financial regulator to offer bitcoin and ether trading to its clients, as the Markets in Crypto-Assets regulation takes effect across the European Union.
This approval concludes a multi-year process for BBVA to allow its clients to gain exposure to digital assets.
BBVA, which launched crypto trading in Turkey in January, is not the first European bank to enter the crypto market, with Deutsche Bank and Société Générale also offering crypto-related services.
Spanish financial giant Banco Bilbao Vizcaya Argentaria (BBVA) has gotten approval from the country's financial regulator to offer bitcoin (BTC) and ether (ETH) trading to its clients, according to a Reuters report.
#StablecoinGoldRush #MarketPullback #CryptoMarketWatch #JobsReportShock #TexasBTCReserveBill
The approval come as the Markets in Crypto-Assets (MiCA) regulation takes full effect across the European Union. This approval for BBVA marks the conclusion of a multi-year process for the Spanish lender to allow for its clients to get exposure to digital assets.