- Garanti BBVA Kripto plans to offer public crypto trading backed by MiCA regulations for safer and accessible digital asset services.
- BBVA has partnered with Bit2Me to support Garanti BBVA Kripto’s European crypto expansion through trusted infrastructure.
- MiCA regulations are driving crypto adoption as European banks race to meet growing demand for Bitcoin and Ether access.
Garanti BBVA Kripto is preparing to launch its crypto trading services to the public. This platform, owned by Garanti BBVA, has been operating as a pilot since January 2024. Garanti BBVA is 86% controlled by BBVA and has a considerable influence on the platform’s operations.
The timing of these developments comes in time with the beginning of European Union’s Markets in Crypto-Assets regulations. Such regulations will provide banks more clarity to extend their cryptocurrency services.
BBVA Partners with Bit2Me for Trading Operations
To facilitate crypto trades, Garanti BBVA has partnered with Bit2Me, a Spanish cryptocurrency exchange founded in 2014. Bit2Me offers the technical infrastructure for Garanti BBVA Kripto’s services. BBVA’s entry into the crypto space began in Turkey, where favorable regulations allowed it to pilot these services ahead of its European counterparts.
Bit2Me is now collaborating with over 50 banks globally, reflecting a growing interest in cryptocurrency adoption among traditional financial institutions.
European Banks Accelerate Crypto Adoption
The rollout of MiCA regulations has encouraged more European banks to embrace cryptocurrencies. Many institutions plan to introduce crypto trading services within the year. This move aligns with increasing customer demand for accessing assets like Bitcoin and Ether through trusted platforms.
MiCA provides the necessary framework to secure regulatory approval, enabling banks to meet these demands.
Recent political and market trends have also fueled interest in cryptocurrencies. U.S. spot Bitcoin ETFs have recorded significant inflows, reinforcing the global appeal of digital assets.
In response, banks across Europe are innovating with blockchain technology. Deutsche Bank is leveraging Ethereum’s ZKsync for rollups, while Société Générale’s SG-FORGE has launched a euro stablecoin on the XRP Ledger.
The widespread adoption of crypto services highlights the sector’s growing integration into traditional finance. With regulatory clarity and advanced infrastructure, banks like Garanti BBVA are poised to drive further growth in the cryptocurrency market.
Crypto News Land, also abbreviated as “CNL”, is an independent media entity – we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
