BBVA Introduces Bitcoin and Ethereum Trading for Retail Customers in Spain
BBVA Launches Bitcoin and ethereum Trading Services for Retail Customers in Spain
Introduction of Crypto Services
Spanish banking leader BBVA has officially introduced trading and custody services for Bitcoin and ethereum, now accessible via its mobile application for retail clients in Spain. This initiative broadens the bank’s regulated digital asset offerings throughout the European Union.
Regulatory Approval and Accessibility
The launch comes after BBVA’s regulatory submission to Spain’s National Securities Market Commission (CNMV) in March 2025. The service is available to all legally eligible Spanish customers, allowing them to buy, sell, and securely store cryptocurrencies within BBVA’s digital banking platform.
Integrated Crypto Experience
In contrast to many financial institutions that depend on external exchanges or third-party custodians, BBVA has seamlessly incorporated its cryptocurrency services into its existing app framework. Customers can independently execute crypto transactions, although the bank refrains from providing investment advice regarding these digital assets.
Executive Insights
Gonzalo Rodríguez, the Head of Retail Banking for Spain, emphasized the bank’s commitment to making cryptocurrency accessible for everyday users, stating, “Our aim is to provide our retail clients in Spain with a simple and convenient method to invest in digital currencies directly from their mobile devices.”
Compliance with EU Regulations
This new offering is in line with the EU’s Markets in Crypto-Assets (MiCA) regulation, which sets forth standardized legal frameworks for cryptocurrency services across EU nations.
Expansion of Digital Asset Services
BBVA has previously launched similar cryptocurrency trading and custody services for private banking clients in Switzerland in 2021, followed by an expansion into Turkey in 2023 through its subsidiary, Garanti BBVA. The recent launch in Spain marks the bank’s third venture into the digital asset space, and notably, it is the first time BBVA is directly targeting retail customers in its home country.
Future Plans and Innovations
Francisco Maroto, Head of Digital Assets at BBVA, highlighted that Spain’s inclusion in the bank’s digital asset offerings builds on the successes achieved in Switzerland and Turkey. He mentioned plans to further enhance the bank’s cryptocurrency and tokenized product lineup by introducing new digital assets, including stablecoins, as well as tokenized versions of traditional investments like bonds and mutual funds, with the goal of providing innovative solutions for clients.
Security Measures for Customer Assets
To ensure the safety of customer assets, BBVA employs its proprietary custody infrastructure, which allows the bank to maintain complete control over security measures. Additionally, the bank has indicated intentions to expand its offerings by introducing more cryptocurrencies and tokenized investment products in future updates.
Disclaimer: This article is for informational purposes only and should not be interpreted as financial advice. The opinions expressed herein may reflect the author’s personal views and do not represent the stance of The Crypto Basic. Readers are encouraged to conduct their own research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.
