Spanish financial giant Banco Bilbao Vizcaya Argentaria (BBVA) has received approval from the country’s financial regulator to offer bitcoin (BTC) and ether (ETH) trading to its clients, as the Markets in Crypto-Assets regulation takes effect across the European Union.
This regulatory approval concludes a multi-year effort for BBVA to enable its clients to access digital assets. Previously, BBVA launched crypto trading in Turkey in January 2025 and is among several European banks venturing into the crypto market, joining Deutsche Bank and Société Générale in offering crypto-related services.
Key Points:
- Approval from Spain’s financial regulator signifies a significant step for BBVA in the crypto sector.
- The decision follows the implementation of the MiCA regulation throughout the EU.
- BBVA’s journey towards cryptocurrency services has been ongoing since 2020, amid initial plans to launch services from Switzerland due to its favorable regulatory environment for digital assets.
- The bank is not the first in Europe to step into cryptocurrency as Deutsche Bank and Société Générale have also engaged in similar initiatives.
Additional Information
BBVA initially aimed to establish its crypto services in Switzerland before pivoting to the Spanish market once regulations allowed.
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