Spanish Bank BBVA has associated with Singapur SGX FX FX to allow retail customers to exchange digital assets directly through their platforms.
The integration, which marks the first in the European market, said Thursday that companies will initially support Bitcoin and Ether, offering the 24/7 trade with the same framework that BBVA uses for currencies.
SGX has been an enthusiast of digital assets and blockchain technology for several years, while BBVA has also been at the forefront among banks when it comes to cryptography.
SGX FX provides aggregation, prices, distribution and risk management tools while maintaining operations in key global data centers in London, New York, Tokyo and Singapore.
“SGX FX has built its reputation for 25 years by delivering a hardened platform for decades of live trade for the global FX markets. By closely integrating digital assets in our existing FX offer, we allow banks like BBVA COO, SGX, SGX, and meets the growing demand of customers, all without the need for a replacement of the right, “said Vinay Trivedi, COO, SGX, SGX, and meets the growing demand of customers, all without the need for a replacement of the contribution,” said Vinay Trivedi, Coo, SGX, SGX Fex.
The regulation of the European Union markets in the Crypto (MICA) assisors has opened the way for highly regulated companies to offer cryptographic services and by working with SGX FX, BBVA is positioned to meet these requirements by meeting the growing demand of customers.
“Digital assets are quickly becoming an integral part of the global finance system. It is natural that our clients want to exchange these assets using the same reliable system,” said Luis Martins, Global Chief of Macro Commerce of BBVA.
