BBVA is bringing crypto trading to its retail customers across EMEA, becoming the first bank in the region to use SGX FX’s digital asset platform.
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 clients to trade bitcoin and ether directly through the bank’s existing platforms, supported by SGX FX’s infrastructure.
The setup enables around-the-clock digital asset trading using the same systems BBVA employs for its foreign exchange operations.
SGX FX’s technology provides aggregation, pricing, distribution and risk management capabilities, ensuring a consistent and secure trading experience across both FX and digital assets.
The company operates from four major global data centres in London, New York, Tokyo and Singapore and is designed to help financial institutions adapt to evolving regulations such as the EU’s Markets in Crypto-Assets (MiCA) framework.
Vinay Trivedi, COO, SGX FX Sell-side Solutions, said,
“SGX FX has built its reputation over 25 years by delivering a platform hardened by decades of live trading for the global FX markets.
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. BBVA is a leader in future-proofing their eFX businesses while delivering customer value.”
Luis Martins, Global Head of Macro Trading at BBVA, added,
“Digital assets are rapidly becoming an integral part of the global finance system. It’s natural that our customers want to be able to trade these assets using the same trusted system.
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.”
Featured image: Edited by Fintech News Singapore, based on image by viaNINA via Freepik
