BBVA has entered a collaboration with SGX FX to provide trading services to its retail customers in the EU.
By Godfrey Benjamin
Editor Julia Sakovich
Updated
2 mins read
European financial giant Banco Bilbao Vizcaya Argentaria (BBVA) has inked a strategic partnership with Singapore’s SGX FX to launch its retail cryptocurrency trading desk in Europe. This suggests that retail clients will have unlimited access to top digital assets like Bitcoin BTC $95 339 24h volatility: 0.3% Market cap: $1.90 T Vol. 24h: $76.11 B and Ethereum ETH $3 173 24h volatility: 0.7% Market cap: $382.49 B Vol. 24h: $32.61 B through BBVA’s existing platforms.
Spanish bank BBVA partnered with Singapore’s SGX FX in a bid to offer its retail customers access to trade digital assets directly through its platforms. On Oct. 2, the company shared that it is the first EMEA bank to adopt SGX FX’s technology to power the crypto offering.
As it offers 24/7 trading for BTC and ETH, it is worth noting that BBVA would maintain the same framework that it utilizes for foreign exchanges.
SGX FX has been in the crypto space for several years. It is known as a technology and infrastructure provider for FX and digital asset trading.
This recent deal with BBVA marks a further expansion of SGX FX‘s role in the digital asset ecosystem.
BBVA Bags Multiple Collaborations in the Crypto Industry
For BBVA, the terrain is one that it has become accustomed to. The Spanish financial service provider is a notable pioneer among banks in the adoption of cryptocurrencies.
In August 2025, BBVA collaborated with Binance to explore crypto custody solutions. The deal was quite significant for the crypto exchange as it marked an effort towards restoring confidence in centralized crypto services. This became necessary after major incidents like the FTX implosion. At the time, Binance was also caught in its own regulatory hurdles.
A few weeks later, San Francisco-based Ripple Labs Inc. made a move on an alliance with BBVA to provide its digital asset custody service amid increasing demand for crypto. Already, with regulatory approval from Spain’s National Securities Market Commission (CNMV), the Bank’s customers can buy, sell, and hold crypto within its existing digital banking environment.
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Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.