Belgium’s KBC bank to offer Bitcoin and Ethereum trading to retail customers this fall


TLDR:

  • KBC will offer direct Bitcoin and Ethereum trading to retail users via its Bolero app.
  • The bank applies for CASP status as part of an MICA compatible crypto service.
  • KBC is the first major Belgian bank to launch internal crypto trade for retail customers.
  • Other banks such as Belfius and Ing remain cautious and monitor the regulatory environment.

Belgium’s KBC -Bank is Prepares to get into crypto Space with a new offer for retail investors.

Starting this fall, the bank will allow customers to buy bitcoin and Ethereum directly through its Bolero investment platform. This movement marks a shift in the country’s banking sector, where KBC becomes the first major Belgian bank that makes crypto available on its own platform.

The development comes as part of a broader change in the regulatory landscape. With the coming Implementation of mica rulesEuropean banks are now facing fewer obstacles to offering digital asset services.

KBC to support direct crypto purchases

KBC confirmed plans to integrate crypto trade within Bolero, its investment app, later this year. According to the bank, the offer will include bitcoin and ether, the two largest cryptocoirs by market value. The process is currently being reviewed by regulatory authorities.

A spokesman for KBC said that the bank is seeking recognition as a crypto access provider. The goal is to create a safe and compatible space for retail customers to explore digital assets.

The new service will also include training tools to help users understand crypto investments.

KBC’s announcement positions it in front of other major banks in Belgium.

So far no other domestic institution has done that Offered direct crypto trade. Until now, Belgian investors who were interested in Cryptocurrencies had to rely on foreign exchanges such as Binance, Coinbase or platforms such as Revolut and N26.

While KBC is moving forward, other banks remain careful. Belfius evaluates how its Re = Bel platform can enter the crypto market. Ing Belgium said it is monitoring the development but has not confirmed plans. GDP Paribas Fortis stated that it has no intention to offer crypto services right now.

Mica regulation facilitates entry for banks

The Crypto space in Europe has long encountered uncertainty in the legislation and discourages the banks from launching digital asset products. Security risks, price vollatility and concern about the adoption of money laundering braked.

But Markets in crypto assets (Mica) Frameworks change it. When active, Mica will streamline licensing and reduce legal complexity. This means that banks like KBC can offer crypto products without creating completely new infrastructure.

KBC’s planned roll -out reflects a growing demand for crypto access in regulated environments.

With Bitcoin and Ethereum Getting popularity among investors can change the bank’s traits how Belgian consumers interact with digital assets. When the supervisory authorities terminate approvals, KBC sets up an autumn launch. If successful, it can encourage other European banks to follow.





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