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A Major European Bank Opened Crypto Trading to Everyday Customers—Here's Why That Matters for Bitcoin's Next Move
- Banco Santander’s Openbank launches cryptocurrency trading in Spain for everyday retail customers.
- Openbank users can buy, sell, and hold Bitcoin, Ether, Litecoin, Polygon, and Cardano.
- The service operates under the EU's Markets in Crypto-assets framework for regulatory clarity.
- Santander plans to expand token offerings and add crypto-to-crypto conversions later this year.
- The platform charges a 1.49% fee per transaction with a one euro minimum and no custody fees.
- Santander’s private banking division already offered Bitcoin and Ether trading in 2023.
- Other banks, like BBVA and Standard Chartered, have also expanded crypto access.
- Regulatory clarity with MiCA is cited as a key factor enabling adoption.
- Market response ties crypto adoption to rising demand and Bitcoin’s price performance.
- The article notes ongoing volatility and regulatory risk despite institutional validation.
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