Overview

• BBVA partnered with Singapore-based SGX FX to enable retail customers to trade digital assets directly through BBVA’s platforms.
• The launch initially supports bitcoin and ether with around-the-clock trading integrated into the same framework BBVA uses for foreign exchange.
• BBVA is the first EMEA bank to adopt SGX FX’s crypto trading infrastructure, according to the companies.
• SGX FX supplies aggregation, pricing, distribution and risk-management tools, operating across data centers in London, New York, Tokyo and Singapore.
• Context for the rollout includes EU MiCA requirements and BBVA’s prior CNMV approval and reported custody collaborations with Binance and Ripple.