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Spain’s second-largest lender will allow its clients to buy, sell and manage cryptocurrencies on its mobile banking app.
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Banco Bilbao Vizcaya Argentaria (BBVA) announced on March 10 that it had received the nod from Spain’s securities regulator, the Comisión Nacional del Mercado de Valores (CNMV), to offer Bitcoin (BTC) and Ether (ETH) trading services to its customers.
Spain’s second-largest bank’s crypto offerings in Spain will enable users to buy, sell and manage digital assets through its mobile app. The lender said it will use its own cryptographic key custody platform to maintain full control over customer holdings without third-party involvement.
Initially, the rollout will be limited to a select group of users before gradually expanding to all private customers across the Iberian nation in the coming months.
Related: Bitcoin and Ether can ‘greatly improve’ portfolio performance: BBVA
BBVA’s crypto journey began in Switzerland
BBVA’s foray into crypto began in Switzerland, where it launched Bitcoin custody and trading services for private banking clients in June 2021. The Swiss branch has since broadened its offerings to include Ether and the USDC (USDC) stablecoin.
This article first appeared at Cointelegraph.com News
