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BBVA Breaks New Ground: Spanish Banking Giant Now Safeguards Binance Users’ Crypto Off-Exchange

BBVA Breaks New Ground: Spanish Banking Giant Now Safeguards Binance Users’ Crypto Off-Exchange

Author:
Coindesk
Published:
2025-08-08 09:07:36
14
1

Spanish Bank BBVA Said to Offer Off-Exchange Custody to Binance Customers: FT

Traditional finance meets crypto custody—BBVA just flipped the script.

Spain's second-largest bank is reportedly offering Binance customers a rare off-ramp: institutional-grade custody without touching exchange wallets. No more "not your keys, not your coins" nightmares for qualified clients.

The twist? A legacy bank beating crypto natives at their own game. While DeFi protocols wrestle with smart contract risks, BBVA's vaults come with deposit insurance and regulatory oversight. Ironic, isn't it?

One banking exec's "blockchain experiment" just became a Trojan horse. Watch as TradFi quietly absorbs crypto's best features—while charging custodial fees that'd make a Bitcoin maxi weep.

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