BBVA Switzerland Adds Ethereum (ETH) to its Cryptocurrency Services

Several months after the launch of the Bitcoin custody and trading products, BBVA's Swiss division has decided to add Ethereum (ETH) services as well. The new features will be available in the bank's app, along with other investment options.

• The statement published by the bank says that the Ethereum addition will be available to private clients and clients with New Generation accounts.
• The largest Spanish banking institution, Banco Bilbao Vizcaya Argentaria (BBVA), said it is the first organization of its kind to launch cryptographic services in Europe.
• Users will be able to manage their cryptocurrency investments through the bank's app and also convert them to euros, dollars, or other fiat currencies.

• "We decided to add ether to our 'wallet' of crypto assets because, together with bitcoin, they are the protocols that arouse the most interest among investors, at the same time that they offer all the guarantees to comply with the regulation," said Alfonso, CEO of BBVA Switzerland. . Gomez.

• The bank dove into the crypto industry earlier this year when thrown out bitcoin trading and custody services in Switzerland.
• The new statement highlighted that the initiative was "very well received by private banking clients and new investors who choose to personally manage their portfolios through New Gen since its commercial launch."
• According to BBVA Switzerland, investors based in Latin America have the highest appetite for investors in digital assets, followed by those in Europe and Turkey.
• Although crypto services come only through the bank's Swiss branch due to the nation's friendly approach, it promised to launch more once other regulators adopt the digital assets.