#BBVABitcoinGreenlight BBVA, Spain's second-largest bank, has received regulatory approval from the Comisión Nacional del Mercado de Valores (CNMV) to offer Bitcoin and Ethereum trading services in Spain. This move marks a significant step in mainstream financial institutions embracing cryptocurrency.

*Key Features of the Service:*

- *Cryptocurrency Trading*: BBVA's customers can buy, sell, and manage Bitcoin and Ethereum directly through the bank's mobile app.

- *Proprietary Custody Platform*: The bank will use its own cryptographic key custody platform to maintain full control over client holdings, ensuring security and eliminating reliance on third-party providers.

- *Gradual Rollout*: The service will initially be available to a select group of users before expanding to all private customers in Spain over the coming months ¹ ².

*Impact on Crypto Market:*

- *Increased Adoption*: BBVA's entry into cryptocurrency trading could positively impact the market by increasing liquidity and fostering greater institutional confidence.

- *Regulatory Compliance*: The bank's move aligns with the European Union's Markets in Crypto-Assets (MiCA) regulation, which aims to create a unified regulatory framework for crypto services across Europe ² ³.

*Future Plans:*

- *Expansion of Crypto Services*: BBVA has hinted at potential future expansions in its crypto services, including the addition of more digital assets and blockchain-based financial products.

- *Partnerships with Fintech and Crypto Firms*: The bank may explore partnerships with fintech and crypto firms to enhance its digital asset infrastructure ⁴.