Spain's third-largest bank, BBVA, has launched Europe's first regulated retail cryptocurrency trading platform.
At this point, BBVA announced a partnership with SGX FX.
With this partnership, BBVA retail customers will be able to buy and sell Bitcoin (BTC) and Ethereum (ETH) directly on the BBVA platform starting today, with transactions open 24/7. This allows customers to trade cryptocurrencies with the same security and simplicity as traditional currencies.
BBVA also stated that SGX FX is the first EMEA bank to adopt its cryptocurrency trading infrastructure. It will also be the first bank in EMEA to offer BTC and ETH trading under EU MiCA rules.
Luis Martins, Head of Global Macro Trading at BBVA, emphasized the strategic importance of cryptocurrencies, saying, “Digital assets are rapidly becoming an integral part of the global financial system. Our clients naturally want to be able to trade these assets using the same reliable system.”
This partnership and its move into BTC and ETH puts BBVA at the forefront of regulated crypto adoption in Europe, while BBVA also has existing partnerships with Ripple and Binance.
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*This is not investment advice.