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BBVA subsidiary of Spain's second largest bank launches cryptocurrency custody service in Turkey

Garanti BBVA, the Turkish subsidiary of BBVA, Spain's second largest bank with $700 billion in assets, has started offering crypto custody services. "Garanti BBVA Digital Assets now allows customers to transfer and store BTC, ETH and USDC assets on its mobile platform, Garanti BBVA Crypto," the bank said in a statement. The executive vice president of Garanti BBVA, ŠağrıSüzer, said the pilot study of the new service was a success. "The beta version of the Garanti BBVA Crypto app has previously offered this service to some customers and is now available to all customers," he said. "While we initially served BTC, ETH, and USDC, we will continue to grow in the future by increasing the diversity of our assets and service infrastructure."