Garanti BBVA Kripto, backed by Turkey’s fifth-largest bank, Garanti BBVA, is preparing to roll out crypto trading services. This initiative, in partnership with Bit2Me, a leading Spanish crypto exchange, marks a significant step forward for the European crypto sector. Here’s what you need to know.
Garanti BBVA is set to offer cryptocurrency trading to the public, signaling a bold move into the digital asset space. Its collaboration with Bit2Me reflects a growing trend of European banks exploring the potential of cryptocurrency, indicating a shift toward broader adoption.
Banco Bilbao Vizcaya Argentaria holds at least 86% stake in Garanti Bank. It is said that BBVA has played a huge role in the latest development.
Notably, Turkey has a relaxed approach towards crypto regulation. Experts believe that the relaxed regulatory environment of Turkey has also contributed immensely towards materialising this development.
The development is expected to change the attitude of European banks towards the crypto industry. Notably, Abel Pena, the head of sales at Bit2Me, forecasts that more European banks will begin offering crypto trading services in the first quarter of this year.
In conclusion, Garanti BBVA Kripto’s launch represents a milestone in integrating crypto services into mainstream banking in Europe.
Crypto is moving closer to mainstream banking in Europe. Good news for us all!
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