- Garanti BBVA expands crypto trading services following MiCA regulation.
- Partnership with Bit2Me enables access to BTC, ETH on Garanti BBVA Kripto.
- MiCA regulation paves the way for wider European crypto adoption in 2025.
Garanti BBVA, Turkey’s fifth-largest bank, is preparing to expand its cryptocurrency offerings in 2025. Following the European Union’s implementation of the Markets in Crypto-Assets (MiCA) regulation, the bank’s crypto custody service, Garanti BBVA Kripto, will soon offer crypto trading to the public.
Garanti BBVA Kripto has partnered with Spain-based crypto exchange Bit2Me to facilitate its upcoming trading services. This partnership will allow Garanti BBVA Kripto to provide access to major digital assets like Bitcoin and Ether.
This initiative builds on Garanti BBVA’s previous efforts in the crypto space. It was earlier in 2023 when the bank had tested digital currency trading with a select group of users. The new regulatory environment under MiCA has now paved the way for public access.
Read also: Garanti BBVA Boosts Crypto Security with Ripple, IBM Partnership
MiCA Regulation and Crypto Adoption
The MiCA regulation, which took effect in December 2024, provides much-needed legal clarity to the crypto market. For institutions like BBVA, it offers a clear path to regulatory approval, making it easier to offer crypto services legally.
Read also: EU’s MiCA Regulations Push Tether’s USDT Off Major Crypto Exchanges
As the regulation takes hold, more European financial institutions are expected to offer similar services to meet the growing public demand for digital assets.
BBVA’s Growing Commitment to Digital Assets
BBVA, with billions in assets, has shown a strong commitment to the digital currency space. The bank’s focus on Turkey, with its more favorable regulatory environment, reflects its strategy to introduce crypto services in markets with progressive legal frameworks.
Chief sales officer at Bit2Me, Abel Peña, noted that institutions like Bit2Me are already working with over 50 financial entities and are nearing full integration with the global crypto ecosystem. This signals a growing trend among European banks to diversify their offerings and provide greater access to the digital economy.
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