Binance Taps BBVA for Crypto Custody in Spain

Hey Digital Banking Fanatic!
From traditional bank to crypto bank for Binance... who saw this coming?
Binance is partnering with BBVA to enable customers to keep their assets off the exchange.
That means the Spanish bank is taking on the role of independent crypto custodian, not the other way around. Not something one sees every day...
More surprises ahead 👇 See you tomorrow!
Cheers,
QUIZ
🤔 Think you know FinTech?
Test your knowledge with the latest Connecting the Dots in FinTech quiz by Marcel van Oost! 11 tricky questions. One perfect score. Take the quiz now
NEWS
🇪🇸 Binance teams up with BBVA to let customers keep assets off the exchange. Binance is working with Spanish bank BBVA to allow customers to hold their assets off the crypto exchange, as it tries to reassure investors following its record fine by US authorities nearly two years ago.
🇳🇬 Tatum Bank launches new digital platforms to boost financial access. The bank stated that the introduction of these platforms is part of its broader strategy to improve financial inclusion by providing more accessible and flexible tools for banking.
🇷🇺 Revolut, after the Bell investigation, began warning Russians about the inadmissibility of transferring funds from sanctioned organizations. “From the date of receipt of this letter, any confirmed attempt to bypass our controls will result in the closure of your account along with any required regulatory reporting obligations,” the bank said in a statement.
🇧🇷 Anatel authorizes exclusivity between Nubank and Claro. With the decision, the two companies can continue to coordinate the service, which currently has 44,400 subscribers. NuCel operates as a virtual mobile operator (MVNO). Nubank provides services, and Claro operates the network.
🇺🇸 Chime beats revenue estimates in first earnings since blowout US IPO. Chime's revenue rose 37% to $528 million in the three months ended June 30. The company went public in June in a blockbuster U.S. IPO that raised hopes of a lasting rebound in investor demand for high-growth tech listings.
🇦🇪 Wio Bank integrates Shory’s Car insurance to make protection more accessible in the UAE. By collaborating with Shory, Wio Bank can enable users to purchase car insurance in a few clicks, while offering customers the option to split insurance payments into monthly instalments ranging from three to 48 months.
Want your message in front of 100.000+ Digital Banking fanatics, founders, investors, and operators?
Shoot me a message on LinkedIn or send me an e-mail.
