VC, #1 Trader on Binance, seeks AI to oversee video creation process efficiently.

VC, #1 Trader on Binance, seeks AI to oversee video creation process efficiently.

Binance, the world’s largest cryptocurrency exchange, has entered into a strategic partnership with BBVA, Spain’s second-largest bank, to offer off-exchange crypto custody services. This collaboration, set to commence on August 10, 2025, aims to enhance security and trust among users by storing digital assets with BBVA instead of directly on the exchange [1]. The service leverages BBVA's U.S. Treasuries as collateral, ensuring customer funds are held separately from Binance’s operations [2].

The partnership addresses regulatory scrutiny and past custodial failures, aligning with BBVA’s expanding crypto services. Binance CEO Richard Teng emphasized the initiative’s goal of providing a “safer way to store and manage crypto assets,” according to a report by the Financial Times [3]. By utilizing BBVA’s institutional-grade infrastructure and regulatory approvals, the collaboration addresses key concerns around transparency, compliance, and fund separation [4].

BBVA, which obtained the necessary 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 [5]. This partnership with Binance further solidifies its position in the growing crypto market. The move also builds on Binance’s previous efforts to increase trust, such as enabling third-party custodians like Sygnum and FlowBank [6]. The new custody model is expected to appeal to institutional and retail investors seeking greater assurance in the security of their digital holdings.

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 [7]. 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. Binance itself settled a 2023 case with U.S. regulators over anti-money laundering violations, underscoring the importance of improved asset management practices [8].

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. The initiative signals a strategic evolution for Binance as it seeks to reinforce its position in a more regulated and competitive market landscape.

References
[1] https://cointelegraph.com/news/binance-bbva-crypto-custody-partnership
[2] https://www.finextra.com/newsarticle/46423/binance-partners-bbva-to-let-customers-keep-crypto-off-exchange---ft
[3] https://cryptobriefing.com/binance-bbva-custody-partnership/
[4] https://www.coindesk.com/business/2025/08/08/spanish-bank-bbva-said-to-offer-off-exchange-custody-to-binance-customers-ft
[5] https://www.ainvest.com/news/binance-partners-bbva-hold-trader-margin-treasuries-enhanced-trust-safety-2508/
[6] https://www.binance.com/en/square/post/08-08-2025-binance-partners-with-bbva-to-offer-off-exchange-asset-custody-for-users-28034824551818
[7] https://dexalot.com/en/blog/binance-bbva-crypto-custody-innovation
[8] https://www.mitrade.com/insights/news/live-news/article-3-1023710-20250808