Spanish Bank BBVA begins offering Bitcoin trading and custody services to all private banking customers in Switzerland
Spanish Bank BBVA is starting to offer Bitcoin trading and custody services to all private banking customers in Switzerland.
BBVA Switzerland opens its Bitcoin trading service to all private banking customers. The bank has been working on this project for more than two years, which it started through its private banking subsidiary in Switzerland. Javier Rubio, Head of customer solutions and crypto project at BBVA Switzerland, said:
“We have a very developed ecosystem in terms of regulation and adoption of digital assets, with a large number of companies specializing in blockchain technology and suitable for implementing these services.”
Rubio explains that with this service, BBVA has become the leading bank in the region and almost the world, apart from Swiss banks that offer 24/7 custody and cryptocurrency trading on weekdays . In addition, these assets can be individually integrated into the client’s wallets.
In this process, the bank’s international payments for over five years, corporate finance, capital markets or to work in many different areas, and since 2019 as crypto money his trial in unit blockcha’s possible thanks to technology. Since the group decided to start this service to date, it has conducted a pilot test with 50 private banking customers of the group from different countries and after verifying its effectiveness, it has decided to launch it by targeting all the customers of the group.
This service will enable BBVA to respond to the growing demand from fintech or startups, highly knowledgeable investors who are already operating with these digital currencies.