BBVA Deepens Its Involvement in the Crypto Space, New Trends Emerge in European Banking! 🌟

Hello everyone! Today, we are going to talk about the new moves of the Spanish banking giant BBVA in the crypto world. According to CoinDesk, BBVA is increasing its investment in the crypto ecosystem, particularly in the crypto custody platform Garanti BBVA Kripto. As of the end of 2023, BBVA holds 86% of the shares in this platform and plans to open cryptocurrency trading services to the public.

One of the highlights of this collaboration is BBVA's partnership with the Spanish cryptocurrency exchange Bit2Me, established in 2014. Bit2Me will serve as the trading execution center, providing users with a more convenient trading experience. With the comprehensive implementation of the Market in Crypto-Assets Regulation (MiCA) in the EU, this collaboration is seen by Bit2Me's Chief Sales Officer Abel Peña as a signal that the crypto industry is about to welcome more new trends.

In an interview, Peña revealed that he believes many banks in Europe will start offering users crypto spot trading services by 2025. He also mentioned that Bit2Me has maintained close contact with over 50 financial institutions, which are distributed across Europe and international markets, and expects to launch related services in the first quarter of 2025.

This is undoubtedly good news for crypto enthusiasts! As more traditional financial institutions enter the crypto space, the activity and diversity of the market will further increase. Of course, this also means we need to pay more attention to market dynamics and maintain rational investment.

Friends, what do you think of BBVA's move? Feel free to share your thoughts and expectations in the comments! 💬