BBVA | Crypto

Ripple will provide crypto custody services to Spain’s BBVA bank, expanding its existing partnership amid MiCA-driven adoption by European banks. Ripple, the US blockchain firm behind the XRP cryptocurrency, will provide crypto custody services to Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA). According to a Tuesday announcement, Ripple’s agreement to provide crypto custody services to BBVA follows the bank’s recent announcement of its Bitcoin (BTC) and Ether (ETH) retail trading and custody service. BBVA will rely on Ripple’s institutional custody service to power services to its customers. BBVA’s head of digital assets, Francisco Maroto, said that Ripple’s custody service allows it to meet the necessary standards to “directly provide an end-to-end custody service.” Read more

Binance has partnered with BBVA to offer independent custody as clients keep collateral in U.S. Treasuries accepted as margin, separating custody from trading after the FTX collapse and 2023 penalties. BBVA has expanded crypto services, while Paxos has settled with NYDFS over past Binance dealings.   The post Binance Partners with BBVA to Offer Off-Exchange Asset Custody: Report appeared first on Cryptonews.

As trust in crypto exchanges remains low, Binance’s new custody deal with BBVA marks a shift toward traditional finance safeguards. Binance has partnered with BBVA, one of Spain’s biggest banks, to act as an independent custodian for customer funds, according to a Friday report in the Financial Times citing two people familiar with the arrangement. The move reportedly aims to restore confidence in centralized crypto investing following scandals such as the FTX collapse and Binance’s own regulatory troubles. The FT report said Binance users can now custody assets with BBVA, offering enhanced security through bank-backed collateral. Binance has also partnered with Switzerland’s Sygnum and FlowBank to serve as independent custodians. Read more

Spain’s BBVA opens retail access to Bitcoin and Ether through its mobile app, offering bank-grade custody and MiCA-backed compliance without the complexity of crypto exchanges. BBVA launched its crypto trading and custody service for retail customers in Spain on July 4, 2025, making it the first traditional bank in the country to offer such a service under the EU’s new MiCA regulations. BBVA’s crypto offering provides buy, sell and custody services for Bitcoin (BTC) and Ether (ETH), integrated directly into the bank’s mobile banking app. The service is designed to bring cryptocurrency access to retail investors without requiring them to use third-party exchanges or separate custodians. Read more