BBVA Officially Supports Cryptocurrency Trading


Spain's second-largest bank, Banco Bilbao Vizcaya Argentaria (#BBVA ), is about to offer Bitcoin and Ethereum trading directly on its banking app. This is a significant step in integrating cryptocurrency into the traditional financial system, especially as BBVA is one of the largest banks in Europe with a 150-year history.


This service will be rolled out in phases, first for a small group of clients and then gradually expanded to all personal clients in Spain. However, at the initial stage, only clients classified as 'private banking'—those with significant assets—will have access to this feature. BBVA has not disclosed plans for expansion to the general customer base.


BBVA is Ready to Comply with MiCA


BBVA made this decision after fully meeting the requirements of the Markets in Crypto-Assets Regulation (MiCA)—the new regulation by the European Union (EU) on cryptocurrency. Additionally, the bank has completed the necessary procedures with the Spanish Securities Commission (#CNMV ), ensuring that all activities related to Bitcoin and Ethereum trading comply with current laws.


Previously, BBVA offered cryptocurrency services in Switzerland since 2021 but limited to private banking clients. By January 2025, BBVA also expanded this service in Turkey through its subsidiary Garanti BBVA Kripto.


Traditional Banking and Cryptocurrency: An Irreversible Trend?


Although many major banks around the world are still not ready to offer cryptocurrency trading to individual clients, some financial institutions have been pioneers in this field.


  • Revolut, a UK-based digital bank, has allowed users to trade cryptocurrency since 2017.


  • Dukascopy Bank (Switzerland) has combined traditional banking services with crypto trading.


  • Standard Chartered recently established a company in Luxembourg to provide digital asset custody services in the EU.



Not stopping at trading, some major banks have also started buying Bitcoin to add to their balance sheets. At the beginning of 2025, Intesa Sanpaolo (Italy's largest bank) purchased 11 BTC worth about 1 million euros, becoming the first bank in Italy to make a direct investment in $BTC .


Can BBVA Change the Crypto Landscape in Europe?


BBVA's implementation of trading $BTC and $ETH could encourage other European banks to quickly enter the cryptocurrency market. With MiCA regulations helping to create a clear legal framework, it can be expected that many banks will follow BBVA's lead in the near future.


If BBVA expands this service to all customers, it could be a significant turning point for widespread crypto acceptance in Europe. This would not only make it easier for customers to access Bitcoin and Ethereum but also increase the legitimacy of cryptocurrency within the traditional financial system.


👉 Will BBVA pave the way for a trend of traditional banks integrating cryptocurrency? Let's wait and see the next moves from other major banks! 🚀 #anhbacong