Banking Giant, Which Also Serves in Turkey, Launches Bitcoin (BTC) and Ethereum (ETH) Trading in Spain! Here are the details

Spain's Banco Bilbao Vizcaya Argentaria (BBVA)** has received official approval from the country's financial regulator to offer its clients Bitcoin (BTC) and Ethereum (ETH)** trading.

Spanish Banking Giant BBVA Receives Regulatory Approval for Bitcoin and Ethereum Trading

The approval comes as the Markets in Crypto-Assets (MiCA) regulation, which establishes a standard legal framework for digital asset services in member states, has come into full force across the European Union (AB).

This regulatory green light is the culmination of BBVA's years-long effort to integrate cryptocurrency trading into its financial offerings.

BBVA's Crypto Journey Since 2020

BBVA's involvement in the crypto space dates back to 2020, when it first announced plans to explore digital asset trading.

At the time, the bank opted to launch its crypto services from Switzerland, where the Financial Market Supervisory Authority had established a clear regulatory framework for (FINMA) digital assets.

In January 2025, BBVA expanded its crypto services to Turkey by offering BTC and ETH trading through a local subsidiary.

European Banks Embracing Crypto

BBVA joins the growing list of European banks integrating blockchain and digital asset services:

• Deutsche Bank is working on an Ethereum rollup with (Almanya) ZKsync and providing crypto custody through Taurus.
• Société Générale's SG-FORGE (Fransa) launched a euro stablecoin on the XRP Ledger.

A New Era for Crypto Banking in Europe

With the enactment of MiCA regulations, more traditional financial institutions are expected to follow BBVA's lead in expanding crypto-related services.

BBVA's approval marks a major step towards crypto adoption in Spain by providing traditional banking customers with regulated access to Bitcoin and Ethereum trading.