BBVA has expanded its partnership with Ripple to provide digital asset custody for Bitcoin (BTC) and Ethereum (ETH) to its retail customers in Spain. Leveraging Ripple Custody, BBVA aims to securely manage crypto holdings for its clients, building on previous collaborations in Turkey and Switzerland. The deal follows the European Union’s Markets in Crypto-Assets (MiCA) regulation, encouraging banks across Europe to offer crypto services. Ripple’s technology is also being utilized by Binance to store customer assets off-exchange in Spain, reducing counterparty risks.