BBVA effectively opens cryptoactive trading to individuals

The Spanish bank BBVA announced last March only after years of tests The Commission had finally received approval from the National Securities Market Commission (CNMV) to provide purchasing, sales and custody services for cryptoactives. And today it is done because its service is officially open to individuals.

FACTS

• The new cryptoactive trading service offered by BBVA to Spanish major private customers is now officially available. This effective launch is an opportunity for the Spanish bank to raise the veil on the latest details of its new service.

• BBVA will allow its customers to buy, sell, retain Bitcoins and Ethers and manage their portfolio directly from their mobile banking application.

• The bank will not provide advice on such investments.

ISSUES

• Standardize cryptoactive management : BBVA now offers its new trading and cryptoactive management service within its application, as an additional feature alongside its other daily banking and financial services.

• Valorize his experience on the theme : Historical and traditional bank of the Spanish market, BBVA points out that it can also justify more than ten years of experience in the Blockchain and that it has, over the years, multiplied initiatives on the subject. She launched for example already a trading and conservation service of Bitcoins for its customers of the private bank in Switzerland in 2021. Later, in 2023, the local subsidiary Guarantee BBVA also created, in Turkey, a specialized offer offering cryptoactive products. The latter Associated Indeed at the beginning of the year with Bitstamp to offer secure and compliant crypto trading services in Turkey.

PERSPECTIVE

• Spain is therefore the third country in which BBVA is trying to consolidate its positions in the cryptoactive market.

• The Spanish bank thus fulfils its ambitions to become a major player in this market while valuing its status as a traditional historical bank able to offer its customers a secure and secure environment for carrying out their transactions.

• BBVA is now ahead of other traditional banks in Europe. However, according to the Sopra Steria 2025 report Digital Banking Experience (DBX)43% of European banks are implements measures to manage cryptoactives and ensure compliance with MiCA regulations. But these figures also include pilots and test activities.

Traduit automatiquement via Libretranslate / Automatically translated via Libretranslate