Summary
- France's major bank BPCE is said to be introducing a direct trading service for major virtual assets such as Bitcoin and Ethereum for retail customers.
- The service will first be provided through mobile apps to about 2 million customers of four regional banks.
- BPCE plans to expand the service in stages by 2026 so that about 12 million total retail customers can use virtual asset trading.
France's major financial group BPCE is reported to be planning to launch a direct virtual asset (cryptocurrency) trading service for retail customers.
According to Cointelegraph on the 7th (local time), BPCE will equip the Banque Populaire and Caisse d'Épargne mobile apps with trading functions for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and USDC from the 8th. The initial support scope is about 2 million customers of four regional banks, including Banque Populaire in the Île-de-France region and Caisse d'Épargne in the Provence-Alpes-Côte d'Azur region.
BPCE plans to gradually expand the service to the remaining 25 regional banks by 2026 so that ultimately about 12 million total retail customers can trade virtual assets directly. An internal source was reported to have explained, "a phased approach to closely monitor service performance at launch."
Suehyeon Lee
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