BBVA officially offers cryptocurrency trading and custody services for individual customers in Spain.
Individual customers in Spain can buy, sell, and hold Bitcoin and Ethereum directly on the BBVA app, committed to EU regulations to ensure safety and transparency for investors.
MAIN CONTENT
BBVA expands cryptocurrency services for individual customers, integrating management on the digital platform.
EU MiCA regulation-compliant service, protecting investor rights but not providing investment advice.
The momentum for cryptocurrency development in Spain is supported by the government and many major banks.
How has BBVA managed to provide cryptocurrency trading services to individual customers?
According to Gonzalo Rodriguez, Director of Retail Banking at BBVA in Spain, the bank offers a simple digital solution that allows customers to easily access and invest in cryptocurrencies directly on their phones. This service closely adheres to the EU MiCA standards, ensuring customer rights protection, while the bank does not provide investment advice for these assets.
BBVA allows customers to buy, sell, and hold Bitcoin and Ethereum directly through the mobile app, connecting to the bank's vast digital ecosystem. This is a step in the strategy to expand the digital asset channel, facilitating and providing a trustworthy experience for individual users to engage with this market.
We aim to help individual customers easily invest in cryptocurrencies through a simple and secure mobile platform, alongside BBVA's financial safety.
Gonzalo Rodriguez – Director of Retail Banking Spain, BBVA, 2024
How has BBVA expanded its cryptocurrency service offerings?
BBVA started implementing digital asset services in 2021 in Switzerland, continued expanding to Turkey in 2023, and by 2025 had launched in the Spanish market for individual customers. According to Francisco Maroto, Head of Blockchain and Digital Assets at BBVA, the bank continuously develops new digital asset products including cryptocurrencies, stablecoins, tokenized bonds, and investment funds.
Diversifying products helps BBVA maintain its lead in the digital finance trend and meet the growing demands of individual investors globally.
How is cryptocurrency developing in Spain?
The Spanish government and regulatory agencies have promoted a legal framework, enhanced safety measures to foster the application and development of cryptocurrencies alongside traditional financial standards. Many major banks like BBVA, Santander, and Caixabank are building related services to attract new investors.
According to the National Commission for the Promotion of Digital Investment, there are currently over eight registered financial institutions seeking to become Electronic Money Service Providers, contributing to the diversification of the market and enhancing credibility for domestic investors.
The expansion of cryptocurrency services at Spanish banks is a testament to the sustainable development of digital assets in the country.
National Commission for the Promotion of Digital Investment, report 2024
How are leading banks in Spain competing in the cryptocurrency space?
Bank Cryptocurrency Services Launch Date Key Features BBVA Trading and custody of Bitcoin, Ethereum 2025 in Spain Flexible mobile app, EU MiCA compliant Santander Exploring cryptocurrency services In testing Integrating traditional and digital finance Caixabank Developing cryptocurrency-related services In research phase Ensuring safety, aimed at the mass market
Frequently Asked Questions
Does BBVA provide cryptocurrency investment advice to customers?
BBVA does not provide investment advice; customers are responsible for their participation in the cryptocurrency market through the bank's app.
What regulations protect investors when using BBVA's cryptocurrency services?
EU MiCA regulation-compliant service, ensuring safety and transparency for investors.
If money is lost while trading cryptocurrency on BBVA, who is responsible?
Customers are responsible for transactions; the bank only provides the technical platform and custody of assets.
How many banks in Spain offer cryptocurrency services?
Currently, at least three major banks are developing or offering cryptocurrency trading and custody services in the Spanish market.
In which countries has BBVA previously launched cryptocurrency services?
BBVA began cryptocurrency services in Switzerland in 2021 and expanded to Turkey in 2023 before launching in Spain.
Source: https://tintucbitcoin.com/bbva-ra-mat-dich-vu-tien-dien-tu/
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