BBVA Spain Adds Cryptocurrency Trading and Custody

• BBVA launches Bitcoin and Ether trading in Spain
• Offer includes purchase, sale and secure storage
• Possible domino effect in the European financial sector

Banco Bilbao Vizcaya Argentaria (BBVA), Spain’s second-largest bank, has announced a significant expansion in its operations with the introduction of Bitcoin and Ether trading and custody services for its customers in the country. This new development meets the growing market demand for cryptocurrency financial solutions and is notable for starting immediately, enabling users of the bank’s mobile app to buy, sell and store these cryptocurrencies securely.

With assets exceeding €775 billion and a workforce of around 120.000, BBVA is no stranger to the crypto space, having already introduced similar services in Switzerland four years ago. The current move to include such operations in Spain was made possible after obtaining the necessary approvals from the country’s securities regulator.

The newly launched services allow BBVA clients in Spain to manage their Bitcoin and Ether investments directly through their app, simplifying access to the cryptocurrency market for both experienced investors and those just starting out in the field. This offering reinforces BBVA’s positioning as a leader in digital innovation in the Spanish financial sector.

In addition to responding to customer demand, the bank is also seeking to consolidate its strategic position in the market by proactively embracing technologies that are reshaping global finance. This initiative is part of a broader strategy to integrate traditional banking operations with the emerging digital asset sector, providing customers with modern and secure solutions.