Spanish banking giant BBVA today announced the expansion of its crypto services for institutional investors in Switzerland, which includes Circle’s USDC stablecoin. The company made its first foray into the crypto market in 2021, and is looking to invest in Bitcoin. $55,278.30 and Ethereum 
$2,325.70 he had started trading.
Expanding Crypto Access to Institutional Customers
Institutional clients in Switzerland, as well as high-profile clients such as NewGen account users, will now be able to manage USDC on the same platform they use for traditional investments, BBVA announced on September 9. The integration is BBVA’s third major digital asset offering, allowing clients to convert USDC into euros, dollars or other supported currencies in real time. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
To securely protect and manage users’ assets, BBVA partnered with blockchain infrastructure provider Metaco to launch the Harmonize platform in December 2023. BBVA stated that this agreement will pave the way for expanding its range of crypto services in the future.
“We want to offer our private clients simple access to tokenized products that they cannot access through traditional financial institutions,” said Philippe Meyer, BBVA’s head of blockchain solutions.
By using Harmonize as its custody partner, the company has been able to offer USDC stablecoin to institutional investors, fund managers, private banking clients and large corporations, simplifying their access to crypto markets and trading operations.
Opening the Door to New Opportunities
With the new service, the bank’s clients will have the opportunity to explore the crypto market and purchase the offerings they want, which are not available on traditional financial platforms. BBVA believes that the fact that USDC is pegged to the US dollar offers an attractive alternative for clients looking to reduce the volatility of cryptocurrencies such as Bitcoin and Ethereum.
The Spanish company also announced that it has expanded its USDC services to customers in Turkey through Garanti BBVA Digital Assets. In addition to USDC, customers in Turkey can trade Bitcoin, Ether, and AVAX, and store Chiliz funds through the bank’s cryptocurrency trading platform.
By expanding its crypto services in various regions, BBVA aims to strengthen its position in the digital asset space and offer institutional and individual clients a more diverse and secure crypto trading experience.
BBVA’s USDC stablecoin integration for institutional clients in Switzerland offers clients the ability to manage and convert crypto assets. The company securely stores user assets through a partnership with Metaco and has expanded this service to Turkey. In this way, it aims to reach a wider customer base in the digital asset space.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
