Second-largest Spanish bank BBVA to offer Bitcoin trading and custody services Cu

After extensive testing with users, BBVA's Swiss branch will begin offering digital assets to private banking customers from June 21. It will offer bitcoin trading and custody services for now, but plans to use other cryptocurrencies when the time comes. In the announcement, Alfred Gomez, CEO of BBVA Switzerland, said about the testing phase: “This gradual rollout allows BBVA Switzerland to test its service activities, strengthen security and above all crypto or digital among investors as a way to diversify their portfolio despite their volatility and high risk assets, "BBVA bitcoin offer is fully integrated into the app and displayed along with customers' other assets and investments. This combination of new and traditional financial assets makes things easier. through the app, a client can now convert their fiat to Bitcoin and vice versa without experiencing the liquidity problems that can occur with independent brokers. BBVA's partners allow customers to place large and multiple orders simultaneously, all with the highest market security measures. “Gómez brings quality banking services to the young crypto-asset world.” “With this innovative offering, BBVA positions itself as a reference institution in blockchain technology adoption. We will continue to develop and expand the range of digital assets in the coming months. “For now, BBVA is limiting the distribution of the cryptocurrency to Switzerland only. This is because Switzerland has clear regulations for crypto leading to the adoption of such assets in the country. Further integration of the cryptocurrency into the BBVA ecosystem will have to wait until it reaches the level allowed and appropriate by regulations.

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