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BBVA gets nod to offer Bitcoin and Ethereum trading services in Spain

  • 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.

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