The post European Banks Join Crypto Revolution appeared on BitcoinEthereumNews.com.

European banks are launching crypto trading under MiCA, and major institutions like BBVA are leading the way. Rising demand and clear regulations drive banks to integrate digital assets into traditional finance. European banks are now on a new level in adopting cryptocurrencies, as the top players plan to start trading services. MiCA regulation is now fully active, and it is evident that banks have a legal framework for launching services related to cryptocurrencies. More than 50 banks in the EU are set to start crypto trading services due to growing client interest in digital assets. Turkish subsidiary Garanti BBVA Kripto is pioneering this move and is part of Spain’s BBVA bank. The institution is expected to launch cryptocurrency trading using Bit2Me to show more, and this would be a step towards integrating cryptocurrency into the banking system. It turned out that at the moment, several banks are planning to enter the cryptocurrency market and offer trading services as early as the first quarter of 2025, as Bit2Me’s chief sales officer Abel Peña stated. Major Banks Drive Adoption Several major banks have already incorporated cryptocurrency solutions into their operations. Deutsche Bank is working on Ethereum-based projects using ZKsync, while Société Générale’s SG-FORGE division is developing a euro-backed stablecoin on the XRP Ledger. These initiatives highlight how established financial institutions are embracing blockchain technology. BBVA, with $857 billion in assets, represents the shift towards integrating crypto services within mainstream banking. The bank’s expansion into digital asset trading through Garanti BBVA Kripto reflects a growing recognition of cryptocurrency’s role in modern finance. Regulatory Clarity Encourages Growth Through this regulation, MiCA has empowered banks by enhancing their confidence in providing cryptocurrency services. People keep requiring more of these assets: American Bitcoin funds accept $35 billion in investments. This trend signals a strong market appetite that…

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Filed under: News - @ January 4, 2025 2:27 pm