Crypto Revolution Masters hosted a live session on Binance Square, discussing Web3 and market insights.

Crypto Revolution Masters hosted a live session on Binance Square, discussing Web3 and market insights.

Binance, the world's largest cryptocurrency exchange, has announced a strategic partnership with BBVA, Spain's second-largest bank, to offer off-exchange crypto custody services starting August 10, 2025. This collaboration enables Binance users to store their digital assets with BBVA instead of directly on the exchange, enhancing security and reducing counterparty risk [1].

The service will use U.S. Treasuries held by BBVA as collateral, ensuring customer funds are held separately from Binance’s operations. This move addresses regulatory scrutiny and past custodial failures, aligning with BBVA’s expanding crypto services [2]. The initiative is aimed at providing a “safer way to store and manage crypto assets,” according to Binance CEO Richard Teng [3].

BBVA, which obtained approvals in March 2025 to offer retail crypto services in Spain, has been expanding its digital asset offerings, including Bitcoin and Ether trading through its mobile app [4]. This partnership further solidifies its position in the growing crypto market and builds on Binance’s efforts to increase trust by enabling third-party custodians like Sygnum and FlowBank [5].

Market reactions to the announcement have been stable, with minimal price disruptions observed for major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), indicating broad investor confidence in the move [6]. The partnership aligns with a broader trend of traditional financial institutions adapting to the crypto sector, particularly in light of regulatory enforcement actions against platforms for compliance lapses [7].

By integrating U.S. Treasuries into its custody framework, Binance aims to bridge the gap between traditional finance and digital assets, potentially attracting a wider range of investors who may have been wary of the volatility and risks associated with crypto. This strategic evolution signals Binance’s commitment to reinforcing its position in a more regulated and competitive market landscape.

References:
[1] Cointelegraph – [https://cointelegraph.com/news/binance-bbva-crypto-custody-partnership](https://cointelegraph.com/news/binance-bbva-crypto-custody-partnership)
[2] Finextra – [https://www.finextra.com/newsarticle/46423/binance-partners-bbva-to-let-customers-keep-crypto-off-exchange---ft](https://www.finextra.com/newsarticle/46423/binance-partners-bbva-to-let-customers-keep-crypto-off-exchange---ft)
[3] CryptoBriefing – [https://cryptobriefing.com/binance-bbva-custody-partnership/](https://cryptobriefing.com/binance-bbva-custody-partnership/)
[4] CoinDesk – [https://www.coindesk.com/business/2025/08/08/spanish-bank-bbva-said-to-offer-off-exchange-custody-to-binance-customers-ft](https://www.coindesk.com/business/2025/08/08/spanish-bank-bbva-said-to-offer-off-exchange-custody-to-binance-customers-ft)
[5] AInvest – [https://www.ainvest.com/news/binance-partners-bbva-hold-trader-margin-treasuries-enhanced-trust-safety-2508/](https://www.ainvest.com/news/binance-partners-bbva-hold-trader-margin-treasuries-enhanced-trust-safety-2508/)
[6] Dexalot – [https://dexalot.com/en/blog/binance-bbva-crypto-custody-innovation](https://dexalot.com/en/blog/binance-bbva-crypto-custody-innovation)
[7] Mitrade – [https://www.mitrade.com/insights/news/live-news/article-3-1023710-20250808](https://www.mitrade.com/insights/news/live-news/article-3-1023710-20250808)