Spanish banking giant BBVA is reportedly advising its wealthiest clients to buy Bitcoin, just months after announcing plans to offer cryptocurrency trading to its customers. According to a report by Reuters, BBVA has advised its top money clients to have…Spanish banking giant BBVA is reportedly advising its wealthiest clients to buy Bitcoin, just months after announcing plans to offer cryptocurrency trading to its customers. According to a report by Reuters, BBVA has advised its top money clients to have…

Spanish bank BBVA advises wealthy clients to invest in Bitcoin: report

2025/06/18 03:19
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

Spanish banking giant BBVA is reportedly advising its wealthiest clients to buy Bitcoin, just months after announcing plans to offer cryptocurrency trading to its customers.

According to a report by Reuters, BBVA has advised its top money clients to have 3% to 7% of their portfolio allocated to Bitcoin (BTC) and cryptocurrencies. 

The suggested allocation depends on an investor’s risk appetite, said Philippe Meyer, Head of Digital & Blockchain Solutions at BBVA Switzerland. Speaking at the DigiAssets conference in London, Meyer revealed that the bank has been advising its private clients on BTC investment since September 2024.

The Spanish lender announced announced plans to offer crypto trading and custody services to customers in Spain. The initial rollout allowed a select group of private clients to purchase Bitcoin Bitcoin and Ethereum (ETH), with full access gradually expanding to all private banking customers.

BBVA’s move to actively recommend crypto exposure aligns with a growing trend among traditional financial institutions.

Notably, the European Securities and Markets Authority has previously warned that crypto could pose risks to the global financial stability. An ESMA report also noted that most EU banks do not engage in crypto activities. Despite this, the overall sentiment is that more and more are willing to make a foray. Market experts believe its a matter of time before banks begin to stockpile Bitcoin.

BBVA, on its part, has executed client requests for BTC purchases since 2021 when it launched bitcoin trading for private clients in Switzerland.

Elsewhere in the industry, JPMorgan recently announced it would allow clients to buy and hold Bitcoin. While CEO Jamie Dimon has long been a vocal crypto skeptic, he acknowledged earlier this year that he would defend the right of the bank’s customers to access digital assets.
JPMorgan has also said it will accept spot Bitcoin exchange-traded funds (ETFs) as collateral for loans to wealthy clients. BlackRock’s BTC ETF will reportedly be the first accepted for this initiative.

Market Opportunity
TOP Network Logo
TOP Network Price(TOP)
$0.0000811
$0.0000811$0.0000811
0.00%
USD
TOP Network (TOP) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Ripple Cryptocurrency News: XRP Tundra Presale Launches with Dual-Token Model

Ripple Cryptocurrency News: XRP Tundra Presale Launches with Dual-Token Model

The post Ripple Cryptocurrency News: XRP Tundra Presale Launches with Dual-Token Model appeared on BitcoinEthereumNews.com. The latest development in the XRP ecosystem is not about the ongoing legal debates or Ripple’s expansion in cross-border payments. Instead, focus has shifted to a new presale initiative that is drawing attention across the digital asset community. XRP Tundra has launched with a dual-token model designed to give early participants both utility and governance advantages. It also links directly to upcoming staking opportunities. This approach comes when many XRP holders are searching for additional yield opportunities outside the standard XRPL ecosystem. With the introduction of Cryo Vaults and Frost Keys, the project intends to enable staking of XRP itself. It could generate potential returns of up to 30% APY. While staking has not yet gone live, presale participants secure the right to join from day one. That establishes a pathway that blends presale value with practical utility. Two Tokens for Price of One The presale currently runs at a fixed $0.01 entry point. For that price, participants receive two separate tokens: TUNDRA-S, issued on Solana and designed for utility and yield, and TUNDRA-X, issued on XRPL for governance and reserve purposes. This approach links Solana’s high-performance smart contract ecosystem with the XRP Ledger’s settlement and liquidity infrastructure. Forty percent of the project’s total supply is for the presale. Later phases will see the price adjust upward. It will reward early adopters with both immediate value and long-term positioning in the ecosystem. For many investors, the appeal lies not just in acquiring discounted tokens. It is also on the guaranteed path to XRP staking once Cryo Vaults and Frost Keys go live. Staking Model: Cryo Vaults and Frost Keys XRP Tundra’s staking framework can offer competitive returns compared to traditional financial instruments and other blockchain validators. Through Cryo Vaults, participants will be able to lock their XRP, generating Frost Keys…
Share
BitcoinEthereumNews2025/09/18 19:41
BUZZ HPC Closes Acquisition of 7.2 MW Toronto Site to Build Data Centre for Sovereign AI Infrastructure

BUZZ HPC Closes Acquisition of 7.2 MW Toronto Site to Build Data Centre for Sovereign AI Infrastructure

BUZZ High Performance Computing and NVIDIA Cloud Partner, today announced the acquisition of a 7.2-megawatt data centre site in the Greater Toronto Area.
Share
Crypto Breaking News2025/09/18 16:59
Why did ICE, the parent company of the NYSE, choose OKX to invest in crypto exchanges again after ten years?

Why did ICE, the parent company of the NYSE, choose OKX to invest in crypto exchanges again after ten years?

Author: Nancy, PANews Last night, OKX dropped a bombshell, securing an investment from ICE, the parent company of the NYSE, at a valuation of $25 billion. The significance
Share
PANews2026/03/06 19:44