One of the Largest Banks in Spain to Offer Bitcoin and Ethereum Trading, Expanding Digital Asset Access for Private Banking Customers

The bank has secured approval from Spain’s National Securities Market Commission (CNMV) and plans to gradually roll out the new services in the coming months.

Phased Rollout and Digital Integration

BBVA’s new crypto trading feature will be introduced in stages, beginning with a select group of users before expanding to all private banking customers in Spain. According to the bank, this initiative builds on its prior experience providing similar services in Switzerland since 2021 and Turkey since 2023.

The service will be fully integrated into BBVA’s existing banking app, allowing customers to buy, sell, and manage their Bitcoin and Ethereum holdings alongside their traditional financial assets. By consolidating crypto transactions within its banking ecosystem, BBVA aims to provide a seamless and secure experience for users.

A Focus on Security and Customer Support

A standout aspect of BBVA’s offering is its in-house cryptographic key custody platform. Unlike many financial institutions that rely on third-party custodians, BBVA will directly oversee the security of its customers’ digital assets.

Gonzalo Rodríguez, head of BBVA’s retail banking division in Spain, highlighted the bank’s commitment to simplifying crypto investments.

“Our aim is to make crypto asset investment straightforward and accessible through a fully digital experience available on mobile devices,” Rodríguez stated. “We want to support our customers as they navigate this evolving space, offering them the security and reliability they expect from BBVA.”

A Step Toward Mainstream Crypto Adoption

With this initiative, BBVA joins a growing number of traditional banks incorporating cryptocurrency services, reflecting the increasing demand for digital asset investment options. As the rollout progresses, BBVA is positioning itself as a key player in bridging traditional finance and the crypto economy.