TechFlow news, on January 2, according to CoinDesk, Garanti BBVA Kripto, the Turkish crypto custody platform under Spain's second-largest bank BBVA, is about to open its cryptocurrency trading services to the public. Abel Peña, Chief Sales Officer at Spanish cryptocurrency exchange Bit2Me, revealed that with the EU's MiCA regulation fully taking effect on December 30, more than 50 European financial institutions have completed integration and are expected to roll out crypto services陆续推出加密服务 in the first quarter of 2025.
As the world's 43rd largest bank, BBVA had total assets of $857 billion in 2023. Garanti BBVA Kripto has been piloting crypto trading services since January 2024. Peña said enthusiasm for cryptocurrencies among European banks is surging, driven primarily by three factors: regulatory certainty brought by the MiCA framework, President-elect Trump's supportive stance toward cryptocurrencies in the U.S., and the tremendous success of spot Bitcoin ETFs in the U.S., which attracted $35 billion in assets within one year.
