Spain's second largest bank, BBVA, holds shares in the cryptocurrency custody platform Garanti BBVA Kripto, which will provide cryptocurrency trading services

According to CoinDesk, Spanish banking giant BBVA is deepening its layout in the crypto ecosystem. By December 2023, BBVA will hold nearly 86% of shares in the crypto custody platform Garanti BBVA Kripto, which will soon offer cryptocurrency trading services to the public. The Spanish crypto exchange Bit2Me, established in 2014, will serve as a trading execution center. With the full implementation of "Crypto Asset Market Regulations" (MiCA) across the EU, BBVA's partnership with this crypto exchange is seen by Bit2Me's Chief Sales Officer Abel Peña as a strong signal that more new trends are coming. In an interview, Peña said: I believe that by 2025 we will see many European banks offering spot trading services for cryptocurrencies to their users. We maintain very close contact with over 50 financial institutions spread across Europe and international markets; they will begin rolling out their services in the first quarter of 2025.