The First Largest European Bank Adds Ethereum To Its Trading Services
Europe’s largest banking network BBVA Switzerland has taken a step to accept Ethereum and Bitcoin as cryptoassets. BBVA Switzerland cryptoasset service became available to all the customers in June has announced to add Ethereum, an other popular cryptocurrency to their portfolio
BBVA Switzerland confirms that they will be expanding their digital asset portfolio in the next few years and more notably in the next few months. With this step forward, BBVA has become the first traditional bank to adopt blockchain technology.
Now their customers with a New Gen account will be able to manage their Bitcoin and Ethereum cryptoassets. They will also be able to monitor their assets including Bitcoin and Ethereum on the BBVA app. These assets are interconvertible to Euro and other fiat currencies.
“We decided to add ether to our cryptoasset ‘wallet’ because, together with bitcoin, they are the protocols that spark the most interest among investors, while also offering all the guarantees to comply with regulation,” said Alfonso Gómez, CEO of BBVA Switzerland.
BBVA network underscores services in Latin America, Europe including Turkey where cryptocurrencies are duly considered assets along with other assets.
Now, their customers will be able to expand their cryptocurrency portfolios along with other digital assets.