Spain’s Second-Largest Bank Will Soon Launch Crypto Services: Sources
BBVA is poised to enter the cryptocurrency trading and custody space, according to two people familiar with the plans.
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BBVA, the second-largest bank in Spain, has announced the launch of its bitcoin trading and custody service through its Swiss subsidiary. Beginning with bitcoin, BBVA plans to expand its services for other cryptocurrencies. BBVA Rolls Out Bitcoin Trading and Custody Services BBVA announced on Wednesday that it “has begun to roll out the trials of what will become its first commercial service for the trading and custody of digital assets.” BBVA (Banco Bilbao Vizcaya Argentaria) is Spain’s second-largest bank after Banco Santander. The group was founded in 1857 and has 727....
Telefónica partnered with Spain’s largest bitcoin exchange Bit2me to enable the new feature on its online tech marketplace.
Banco Santander, Spain’s biggest bank and Europe’s fourth largest, now supports crypto trading. Since yesterday, German users of the company’s all-digital platform, Openbank, can buy, sell, and trade five tokens: $BTC, $ETH, $LTC, $MATIC, and $ADA. As mainstream crypto adoption expands, newer projects with their own trading bots, like Snorter Token ($SNORT), stand to benefit. […]
Spain’s Sumar parliamentary group has submitted a proposal that would change how gains from cryptocurrencies are taxed, potentially pushing the top personal rate to 47%. Related Reading: Stablecoins Push Forward With US Bank Testing Payments On Stellar According to reports, the draft would move profits from crypto out of the current “savings” tax bracket — […]
Spanish bank Sabadell is the latest to join a consortium of European banks seeking to launch a euro-pegged stablecoin to make transactions more efficient and increase the dominance of Europe’s digital assets market. Related Reading: WLFI Drama Escalates: World Liberty Sues Justin Sun Over ‘Reckless’ Smear Campaign Sabadell Joins European Banking Consortium On Tuesday, Spain’s […]