This comes just a few months after banks were officially permitted to provide cryptocurrency trading services. Reuters, Cointelegraph and other foreign media reported on the 17th (local time)
), reported that BBVA has recommended that clients allocate between 3% and 7% of their total portfolios to cryptocurrencies, including Bitcoin (BTC), depending on their investment habits and risk appetite.
The vice president was Philippe Meyer, head of digital and blockchain solutions at BBVA Switzerland.
Meyer said at a conference in London.
"We started advising private clients on bitcoin in September last year, and now we're more
"We are increasing the investment ratio only for clients who have an aggressive investment tendency," he said. "Even if they invest only 3%, the performance of the portfolio will improve, and this level of risk is not too high."
BBVA's move comes as European Union regulators and the European Central Bank (ECB) have repeatedly warned about the dangers of cryptocurrencies.
According to A), currently, approximately 95% of banks in the EU are avoiding cryptocurrency-related activities. Meanwhile, BBVA will start cryptocurrency trading in 2021 and will begin asset management services at the end of 2024.
It has begun to provide full-scale investment advisory services to its customers, and has secured a leading position among traditional financial institutions. In March of this year, it was approved by the Spanish financial regulator as a sanction for the trading of Bitcoin and Ethereum.
BBVA has been granted permission to trade Ream domestically. BBVA will initially gradually introduce cryptocurrency services to a limited group of customers, and will then allow general users to buy and sell cryptocurrencies through its mobile app.
We plan to help you manage it.
2025/06/18 16:50 KST
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