PANews reported on March 10 that according to CoinDesk, Spanish financial giant Banco Bilbao Vizcaya Argentaria (BBVA) has obtained approval from Spanish financial regulators to provide Bitcoin (BTC) and Ethereum (ETH) trading services to customers.
BBVA began planning to enter the crypto market as early as 2020, initially planning to operate in Switzerland, where regulations are clear. In January this year, BBVA launched crypto trading services in Turkey through a local subsidiary. BBVA is not the first European bank to enter the crypto market. Deutsche Bank and Société Générale have also been involved in crypto asset custody and stablecoin issuance.
