- Groupe BPCE’s strategic move marks a significant milestone in crypto integration within banking.
- Hexarq initiates regulated crypto services under French AMF regulations.
- BTC and ETH are the primary assets in the service rollout.
Groupe BPCE, France’s second-largest bank, will launch Bitcoin and crypto trading services in 2025 through its subsidiary Hexarq, complying with AMF and MiCA regulations.
This move integrates digital assets into mainstream finance, potentially boosting adoption and influencing European cryptocurrency regulations and market dynamics.
Groupe BPCE, France’s second-largest bank, is taking a substantial step into the crypto market. Through its subsidiary Hexarq, it has received AMF authorization to provide comprehensive digital asset services. This strategic move affirms BPCE’s commitment to integrating cryptocurrency into its banking operations.
Hexarq, a licensed crypto-asset service provider under MiCA and PSAN guidelines, facilitates BPCE’s offerings, including custodial trading and digital asset exchange. This initiative targets BPCE’s extensive retail client base, providing them access to key cryptocurrencies such as BTC and ETH. To buy cryptocurrency directly or deposit fiat currencies for trading, interested clients may explore these options.
The launch presents significant implications for the French banking sector, potentially leading to increased legitimacy for crypto trading. This integration is poised to attract cautious retail clients, fostering gradual growth in fiat-to-crypto exchanges.
Hexarq recently obtained PSAN authorization, granting it the authority to hold, buy, sell, and exchange digital assets. Source: AMF press release
The regulated rollout by BPCE through Hexarq could set a precedent for other European banks. With the AMF enabling a robust framework for crypto services, this could lead to a more structured and secure trading environment within the region. This development indicates a broader institutional shift towards embracing digital assets under clear regulatory oversight.
Engage in peer-to-peer crypto transactions as part of exploring the diverse trading avenues in the evolving digital asset landscape.
