BBVA, the Spanish bank, has received approval from Spain's securities regulator to offer Bitcoin and Ethereum trading on its app.
The service will be rolled out in the coming months and initially offered to selected customers, then extended to all private banking clients in Spain.
BBVA will utilize cryptographically sealed customer holdings to enhance security and functionality for the end user.
The move aligns with the increasing trend of cryptocurrency usage in Europe, as an ECB survey reported that 9% of Spaniards owned digital assets.