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Spanish bank BBVA will hold client funds in U.S. Treasuries for binance/?utm_source=CVJ.Ai&utm_medium=glossary&utm_id=CVJ.AI" target="_blank">Binance, marking a significant step in crypto market infrastructure. The deal follows Binance’s $4.3 billion U.S. fine and growing demand for secure custody solutions. Analysts see this as a sign of increasing institutional trust in crypto.
- BBVA will custody Binance client collateral in U.S. Treasuries, reducing counterparty risk and improving trust in crypto trading.
- The deal follows Binance's $4.3 billion U.S. penalty and reflects post-FTX demand for independent custody solutions.
- BBVA recently became Spain's first traditional bank to offer Bitcoin and Ethereum trading under MiCA regulations.
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