BBVA officially enables Bitcoin and Ether trade in Spain

By Hannah Pérez

BBVA customers can finally buy, sell and guard Bitcoin and Ethereum directly from the mobile bank application. The service is launched with regulatory approval and under the Mica framework.

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• BBVA customers can finally buy, sell and guard Bitcoin and Ethereum.
• Crypto Trade Service Regulated under Mica, directly from the mobile bank app.
• Spain is now the third country where BBVA expands its cryptocurrency offer.

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BBVA customers in Spain can finally buy and sell cryptocurrencies directly from their bank application.

The largest bank in Spain has officially opened the door to the cryptocurrencies after the launch of a new regulated trade service of Bitcoin (BTC) and Ethereum (ETH).

After weeks in advance, the service finally arrives at the hands of Spanish clients of legal age, allowing them to buy, sell and guard the two largest cryptocurrencies for market capitalization directly from the bank’s app. The offer is integrated with the rest of the bank’s financial services, thus offering an integrated and completely digital experience.

The launch occurs after the National Securities Market Commission (CNMV) of Spain granted authorization to the bank to operate within the framework of compliance with the law of cryptoactive markets (Mica).

Mica, which fully entered into force in December 2024, regulates the issuance and provision of cryptocurrency services in the European Union and provides greater guarantees and investor protection.

BTC and ETH trade in the mobile bank

The bank had been exploring the integration of digital currencies in its European offer for years, but the deployment of Mica regulations was decisive. BBVA initially planned a launch of the services in Switzerland, with the intention of offering trade and custody of Bitcoins. The bank then integrated services with the Stablecoin USDC in that country.

More recently, at the beginning of 2025, the bank giant deepened in the world of cryptocurrencies when it presented cryptocurrency trade in Türkiye as part of an alliance with Spanish exchange, Bit2me.

BBVA deployed the Crypto Commerce Service in Spain in a staggered way in recent weeks, after the successful releases in the markets of Switzerland and Türkiye. The regulatory approval of the CNVM marked the decisive step for the lender to finally offer its Spanish clients direct exposure to the emerging class of digital assets.

“We want to facilitate our private clients in Spain for investment in cryptoactive with a simple and easily accessible offer from the mobile, in a 100% digital way“, Said Gonzalo Rodríguez, head of Retail Banking of Spain, according to The confidential.

Our goal is to accompany them in the approach to digital assets with the solvency and security offered by a bank like BBVA.

BBVA expands its cryptocurrency offer to Spain

Spanish users will be able to access the purchase and sale as long as they have activated biometry in their mobile devices, a key feature to guarantee safe transactions.

As for the commissions, BBVA charges 1.49% for each purchase or sale of cryptocurrencieswhile the transfer of funds in Bitcoin and ETH out of the platform has a 4%commission. The custody service, on the other hand, is free.

The bank giant, however, will not advise its customers about these assets, leaving access to the service exclusively to the client’s initiative, according to the local newspaper. This contrasts with a previous June report that said BBVA would apparently advising the inclusion in BTC and ETH in the investment portfolios of some of its rich customers.

After a decade of financial innovation and exploration BlockchainSpain now becomes the third country where BBVA consolidates its supply of cryptocurrencies, as local coverage pointed out.

“With the launch in Spain, BBVAAÑADE a country more at the service of digital assets that he already launched in Switzerland in 2021 and Türkiye in 2023. In line with the leadership of BBVA in digitalization and innovation, We continue to develop the digital asset business, […] With the aim of offering the best investment and transactionality solutions to our clients“said Francisco Maroto, head of Digital Assets, according to the aforementioned medium.

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Hannah Estefanía Pérez / Diariobitcoin

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