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Banking Giant BBVA Enables Bitcoin and Ethereum Trading for Its Customers in Spain
6 Articles
6 Articles
Banking giant BBVA enables Bitcoin and Ethereum trading for its customers in Spain
TL;DR BBVA enabled the purchase, sale, and custody of Bitcoin and Ethereum for clients in Spain, operable exclusively with biometrics through its mobile app. The bank will manage asset custody internally without intermediaries, charging a 1.49% fee for trades and 4% for external transfers. Custody will be free of charge. This initiative follows the model launched in Switzerland and Turkey and makes
The BBVA bank already allows all its customers in Spain to buy and sell bitcoin and ether, the two cryptocurrencies with the highest total market value, as reported this Friday in a statement.The bank has been deploying this service in a phased manner in the last weeks after the registration of the notification in the National Securities Market Commission (CNMV).The bank not only allows the operation, but is also the custodian of cryptocurrencie…
BBVA Launches Bitcoin And Ether Trading And Custody Service For All Retail Customers In Spain
BBVA has unveiled its cryptocurrency trading and custody service for bitcoin and ether, which is now available to all retail customers of legal age in Spain. After filing the relevant disclosure with the National Securities Market Commission (CNMV), the bank has been gradually rolling out the service in recent weeks. Customers can now use this service to trade in bitcoin and ether directly through the BBVA app, all within a fully integrated envi…
Key news points: BBVA enabled the purchase, sale and custody of Bitcoin and Ethereum for customers in Spain, operated only with biometrics from its mobile app. The bank will manage custody without intermediaries and will charge 1.49% for sale and 4% for external transfers; the custody will be free. The initiative replicates the model launched in Switzerland and Turkey, and marks Spain as the third market where BBVA integrates cryptoactives into …
In this way, BBVA's private customers in Spain can buy, sell and guard bitcoin and ether directly from the mobile app. "We want to make it easier for our private customers in Spain to invest in cryptoactives with a simple and easily accessible offer from mobile, in a 100% digital way. Our goal is to accompany them in the approach to digital assets with the solvency and security offered by a bank like BBVA," says Gonzalo Rodríguez, responsible fo…
The world of cryptoactives is entering a new dimension in Spain. Large banking already gives access to investment in the two main cryptocurrencies. BBVA has opened the bitcoin and ether sales service for all its customers in Spain. Read
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