BBVA, Spain's second-largest bank, has received regulatory approval to offer Bitcoin and Ethereum trading services.
The bank will roll out the crypto trading services in phases, starting with a group of select customers before expanding to retail customers.
BBVA aims to tap into the growing market for cryptocurrencies and cater to tech-savvy customers who view them as investment opportunities and hedges against economic uncertainty.
The bank's phased rollout approach and proprietary custody solution highlight its focus on security and technological innovation.