SGX FX announced that BBVA has become its first banking client in EMEA to offer digital asset trading to retail customers. The integration allows BBVA to provide Bitcoin and Ether trading through SGX FX’s end-to-end solution, fully connected to its existing FX platform.
Bridging Traditional Finance and Digital Assets
The development marks a step in merging traditional finance with digital assets. BBVA customers can now access round-the-clock trading with the same infrastructure supporting the bank’s FX operations, including aggregation, pricing, distribution, and risk management.
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“By tightly integrating digital assets into our existing FX offering, we enable banks like BBVA to move quickly, launch seamlessly, and serve growing client demand – all without the need for a full stack replacement,” said Vinay Trivedi, COO, SGX FX Sell-side Solutions.
Global Infrastructure and Regulatory Readiness
SGX FX operates across LD4, NY4, TY3, and SG1 data centres, offering both FX and digital asset solutions. The platform aims to help banks respond to evolving regulations, including the EU’s Markets in Crypto-Assets (MiCA) framework, while meeting changing client needs.
You may find it interesting at FinanceMagnates.com: BBVA Forges a Path in the Crypto Landscape with New Collaboration.
Founded in 1857, BBVA operates in over 25 countries with a leading presence in Spain, Mexico, South America, and Turkey. The bank emphasizes technology, data, and financial health support to enhance client decision-making.
“Through our partnership with SGX FX, we’re able to support clients as they explore digital assets, backed by the strength and security of a bank like BBVA,” commented Luis Martins, Global Head of Macro Trading at BBVA.
This article was written by Tareq Sikder at www.financemagnates.com.
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