Ah, the illustrious Spanish bank BBVA, a titan among mere mortals, has decided to dip its toes into the shimmering waters of cryptocurrency! Yes, dear reader, they are launching a crypto trading service that will allow the good people of Spain to buy, sell, and manage Bitcoin and Ethereum right from the comfort of their app. Who needs a crystal ball when you have a smartphone? 📱✨
As the second-largest financial institution in Spain, BBVA is strutting its stuff, ready to roll out this shiny new service. Customers will soon be able to engage with the two most popular cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), as if they were merely picking apples from a tree. 🍏🍎
In a press release that could make even the most stoic banker crack a smile, BBVA announced that this service will initially be available to a select few lucky users. But fear not, for soon it shall blossom into a full-blown fiesta for all private customers! This grand unveiling follows the completion of regulatory formalities under the Markets in Cryptoassets Regulation — or MiCA, for those who enjoy acronyms as much as I do. 🥳
Imagine, if you will, managing your crypto transactions alongside your mundane banking activities. BBVA assures us that they will use their own custody platform for cryptographic keys, so no need to worry about third-party shenanigans. After all, who doesn’t want their digital treasures guarded by a bank? 🏦🔐
“We want to make it easier for our customers to invest in cryptoassets with a simple, accessible offering available directly from their mobile phones, in a fully digital manner. Our goal is to guide them as they explore this new segment of digital assets, backed by the solvency and security assurances provided by a bank like BBVA.”
— Gonzalo Rodríguez, head of retail banking in Spain
But wait, there’s more! BBVA has already been playing in the crypto sandbox in Switzerland and Türkiye, where they introduced crypto trading in 2021 and 2023, respectively. In Türkiye, Garanti BBVA is providing custody services for a cornucopia of cryptocurrencies. Meanwhile, in Switzerland, they launched Bitcoin trading in 2021, later adding Ethereum and Circle’s stablecoin USD Coin (USDC). It seems BBVA is on a mission to conquer the crypto world, one country at a time! 🌍💪
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2025-03-10 11:10