With the skyrocketing adoption of cryptocurrencies worldwide, several nations and their traditional banks have launched services dedicatedly for the digital asset; in a most recent development, it has been reported that BBVA Spanish banking giant, has got the approval of the regulators to offer Bitcoin and Ethereum trading services in the nation.
It is worth noting that the yet-to-be-launched services of BBVA will enable its users to directly sell, buy and manage BTC and Ether from the official application of the bank.
BBVA to offer services for a limited group of users?
Before launching Bitcoin and Ethereum trading services for broader masses, the service will be opened for a few groups of people, and with the response it will be set one for private users all across the nation.
With this development, expert argues that BBVA is expected to reach new heights in terms of user base, revenue, and infrastructural development.
Furthermore, the bank is planning to launch many other in-house products, including some related to crypto custody services. After getting regulators’ approval, the Head of Retail Banking at BBVA, Gonzalo Rodriguez, said the bank aims to help its users guide the crypto world with a better range of services.
Is Spain one of the fastest-growing crypto markets?
Several published reports say the adoption and usage of digital assets has grown in Spain over the past few years and is expected to reach roughly 15 million.
According to data from CoinMarketCap, Bitcoin is the most-viewed crypto in Spain, with PI at second, followed by XRP, Ethereum, and Solana.
Earlier in 2024, it was reported that Bit2Me secured funding from Unicaja Bank, a known bank based in Spain; with this deal, the bank became one of its kind to invest in any crypto-based infrastructure.
In February 2025, it was reported that Robinhood had launched its crypto-based services in Spain; the ecosystem will enable the citizens of the nation to directly buy, sell, and manage assets on their platform.
Todayq, reported that Robinhood has also agreed to roughly $30 million to settle charges against them by FINRA. Also, in January this year, it was in the media that the United States SEC dropped its long-time lawsuit against Robinhood.
Is the crypto market falling freely?
Until publishing, the crypto market cap was $2.67 trillion, with a loss of 5.37% in the past 24 hours, and is down by roughly 12% in a week. At the same time, Bitcoin is below $85k, exchanging hands at $81,507 the prices are down by 5.10% intraday and 11% in a week.
The fear and greed index is at 17, which is the lowest in the past 8 months. The fear in investors and traders has been growing with the back to back tariffs by the Donald Trump administration.
