Santander Bank, the largest bank in Spain and one of the largest banks in Europe, has announced new plans to enter the cryptocurrency market.
🔹 What does it intend to do?
The bank plans to launch its own stablecoin, in addition to providing cryptocurrency trading services for individual clients through its digital platform 'Openbank'.
🔹 When?
The services are expected to be launched before the end of 2025, after the bank obtains the necessary licenses from the European Union under the new MiCA regulation.
🔹 Why is this important?
Santander Bank manages assets worth over $537 billion, and its entry into the cryptocurrency market provides a strong boost to investor confidence in this field.
📌 Summary: The entry of a traditional bank of this size into the world of cryptocurrencies is a significant step that indicates the maturity of the market and the confidence of major institutions moving towards it.
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