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Spain\u2019s second-largest bank is planning to roll out trading services for Bitcoin (BTC<\/a>) and Ethereum (ETH<\/a>).<\/p>\n In a new announcement, Banco Bilbao Vizcaya Argentaria (BBVA) says<\/a> it has obtained the necessary approvals from the country\u2019s securities regulator, the National Securities Market Commission (CNMV), to offer its customers trading services for the top two digital assets by market cap.<\/p>\n The services will roll out in phases in the coming months.<\/p>\n Says BBVA,<\/p>\n \u201cThe bank is set to launch a new service, accessible to all its customers, enabling them to securely buy, sell and manage Bitcoin and Ethereum transactions through its app. Initially, the service will be rolled out to a small group of users and gradually extended to all private customers in Spain over the coming months. This initiative builds on the bank\u2019s experience in Switzerland and Turkey, where similar services have been offered since 2021 and 2023, respectively.\u201d<\/em><\/p>\n BBVA also says Spain customers will have the ability to trade their crypto via the same app the bank\u2019s customers currently use for their traditional banking activities.<\/p>\n \u201cThis approach enables the bank to deliver an integrated and seamless experience across its digital channels while advancing its digitization strategy. A key distinguishing feature of the new service is that BBVA will utilize its own cryptographic key custody platform, allowing the bank to maintain full control over safeguarding its customers\u2019 crypto assets without relying on third parties.\u201d <\/em><\/p>\n Says Gonzalo Rodr\u00edguez, head of BBVA\u2019s retail banking in Spain,<\/p>\n \u201cWe want to make it easier for our customers to invest in crypto assets with a simple, accessible offering available directly from their mobile phones, in a fully digital manner. Our goal is to guide them as they explore this new segment of digital assets, backed by the solvency and security assurances provided by a bank like BBVA.\u201d<\/em><\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n
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\nDisclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n