Binance and BBVA Partner to Enhance Off-Exchange Crypto Custody in Spain

Binance has reportedly partnered with BBVA, enabling crypto clients to securely store assets off the exchange in US Treasuries with the renowned Spanish bank. This collaboration signals a critical evolution as traditional finance meets digital assets, aiming to reshape crypto custody in Europe. Responding to growing demands for safer digital asset storage and regulatory oversight, this alliance highlights an industry shift toward transparency. A New Model for Crypto Asset Security The partnership between Binance and BBVA gives institutional clients the choice to have digital assets, mainly margin funds, held in US Treasuries by a traditional European bank source: https://beincrypto.com/binance-bbva-crypto-custody-spain/