Core Insights - BBVA has launched 24/7 cryptocurrency trading for retail clients, becoming the first major bank in Spain to integrate Bitcoin and Ether into its mobile banking platform [1][2] - The launch is a significant application of the EU's MiCA framework, which is expected to influence other European banks that are cautious about retail crypto services [1][4] Company Developments - Customers can buy, sell, and custody Bitcoin and Ether directly through BBVA's mobile app, with trades executed using the same infrastructure as foreign exchange [2] - The integration aims to provide a familiar and regulated trading environment for users, reflecting the rising demand from everyday investors [2][3] Technological Support - The rollout is supported by SGX FX, which provides pricing, aggregation, and risk management technology, allowing banks to add crypto services without a complete system overhaul [3] Industry Implications - BBVA's early adoption may pressure other European banks to follow suit, as MiCA clarifies rules for digital assets [4] - Other banks, such as KBC and Deutsche Bank, have explored blockchain but have not yet launched 24/7 crypto trading [4] Client Advisory - BBVA Switzerland has advised wealthy clients to consider a 3%–7% allocation in cryptocurrencies [5]