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Spanish Banking Giant BBVA Approved to Offer Bitcoin and Ether Trading in Spain
In a significant development, BBVA, one of the largest banks in Spain, has been granted approval by Spanish regulators to offer trading services for both Bitcoin (BTC) and Ethereum’s native cryptocurrency, Ether (ETH). This approval marks another major milestone in the bank’s crypto strategy.
According to recent reports, BBVA will now provide its customers with direct access to these two leading cryptocurrencies through its mobile app. This move aims to cater to the growing demand for digital assets among Spanish citizens, allowing them to invest and explore this new market directly from their smartphones.
BBVA’s CEO, Rodríguez, emphasized the bank’s commitment to guiding its customers throughout their crypto journey. He stated that they will work closely with clients to help them understand this emerging asset class, while ensuring the highest level of security and solvency provided by a reputable financial institution like BBVA.
In addition to this recent approval in Spain, BBVA has been actively investing in blockchain technology for over ten years. The bank’s dedication to exploring innovative technologies has ultimately led to the launch of practical consumer products. This Spanish approval follows similar initiatives from other European banks, including Deutsche Bank and Société Générale, which have also entered the crypto space.
The BBVA expansion into crypto services represents a significant step forward in the integration of traditional financial institutions with decentralized assets.
