BBVA Launches Crypto Services for Spanish Retail U

“We want to make it easier for our retail customers in Spain to invest in crypto-assets, through a simple and easy-to-access digital solution on their cell phone. Our goal is to support them as they explore digital assets, backed by the strength and security of a bank like BBVA.” 

Banco Bilbao Vizcaya Argentaria (BBVA), a multinational  Spanish bank, recently launched crypto trading (Bitcoin and Ether) and custody services for retail customers. Spanish customers can now use this service to buy, sell, and hold crypto assets directly through the BBVA app. The step is part of a broader strategy of BBVA to enable a seamless digital experience. 

BBVA Enables Crypto Trading for Retail Customers

With BBVA’s new initiative for custodian services crypto trading, retail customers in Spain can now utilize the crypto services through its mobile app. BBVA has aligned the initiative with the EU’s Market in Crypto Assets (MiCA) to govern the regulations and provide investors’ protection. 

However, it is important to note that the bank will not offer advice on these assets; the clients will be the only ones responsible for their initiative. 

Head of Retail Banking for Spain, Gonzalo Rodriguez, stated–

“We want to make it easier for our retail customers in Spain to invest in crypto-assets, through a simple and easy-to-access digital solution on their cell phone. Our goal is to support them as they explore digital assets, backed by the strength and security of a bank like BBVA.”