5 hours ago
Spanish lender BBVA is advising its wealthiness clients to put 3%-7% of their portfolios successful cryptocurrencies, an enforcement of the Spanish slope said connected Tuesday.
The bank's caput of integer and blockchain solutions Philippe Meyer told the DigiAssets league successful London that it started advising clients connected bitcoin BTC successful September past year, according to a study by Reuters.
"The riskier profile, we let up to 7% of (portfolios in) crypto," Meyer said.
BBVA's proposal of investing successful crypto presently applies to bitcoin and ether ETH, but the slope plans to grow this to different cryptocurrencies aboriginal this year, helium added.
While galore large fiscal institutions are showing a distinctly warmer cognition toward cryptocurrency investments successful 2025 than successful years past, BBVA's quality is noteworthy successful that it is actively advising its clients to bargain crypto.
BBVA did not instantly respond to CoinDesk's petition for comment.
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