KBC to Become First-Ever Belgian Bank to Offer Crypto Services

KBC Group, Belgium’s second-largest bank, has announced it will become the first Belgian institution to offer direct cryptocurrency trading to private investors. Starting in the week of February 16, 2026, users of its Bolero online investment platform can buy and sell cryptocurrencies in a fully regulated environment under the European Union’s Markets in Crypto-Assets (MiCAR) framework.

The firm announced that it has already submitted its notification as a Crypto Asset Service Provider (CASP) to the competent authorities. The development responds to surging demand among younger Belgians, who are already investing in crypto, with Bitcoin ranking among the top search terms on Bolero, where 60% of users are under 40.

Key Details of the Offering

KBC’s new crypto offering will operate under an execution-only model, meaning customers will be responsible for making their own trading decisions without receiving personalized investment advice. However, before trading, users must complete a mandatory knowledge and experience test to ensure they understand the risks of cryptocurrency trading.

The platform will use a closed-loop system to prevent transfers to external wallets or exchanges, reducing fraud and money laundering risks. KBC will manage the custody of digital assets, eliminating the need for customers to handle private keys. Additionally, thorough Know Your Customer (KYC) and Know Your Transaction (KYT) checks will ensure funds come from verified sources.

At launch, however, only bitcoin and ether will be available, with plans to expand based on market developments and regulatory approvals. KBC positions this service as an accessible entry point for digitally savvy clients, particularly those under 40, who make up 60% of Bolero’s user base.

What Drives KBC’s Crypto Trading Push?

The milestone highlights a growing trend in Europe, with banks in countries such as Germany increasingly offering crypto services in compliance with MiCAR regulations. This change signifies a shift away from dependence on foreign platforms such as Binance and Coinbase, favoring more regulated domestic options.

KBC is positioning this service as a bridge between traditional finance and digital assets, targeting its tech-savvy clients while emphasizing its commitment to innovation and digitalization. Meanwhile, the bank has noted that investing in cryptocurrencies carries considerable uncertainty, as its slogan, “Virtual currencies, real risks,” shows. 

The bank advises caution regarding these assets, as they depend on potentially untested technologies that could fail or be vulnerable to attacks. It adds that losing access to credentials may result in a permanent loss of funds.

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