BBVA to Launch Bitcoin and Ether Trading in Spain

BBVA has received approval from Spain’s Securities and Exchange Commission (CNMV) to offer custody and trading services for Bitcoin and Ether. The new service, accessible via BBVA’s app, will allow retail customers in Spain to securely buy, sell, and manage cryptoassets alongside their traditional banking activities.

The service will initially launch for a small group of users before expanding to all private customers in Spain over the coming months. BBVA will use its proprietary cryptographic key custody platform, ensuring full control over customer assets without relying on third parties.

Gonzalo Rodríguez, Head of Retail Banking at BBVA Spain, stated, “We aim to make cryptoasset investment simple and accessible, backed by BBVA’s solvency and security. This service reflects our commitment to guiding customers in exploring digital assets.”

The initiative builds on BBVA’s experience offering similar services in Switzerland and Turkey since 2021 and 2023, respectively.