BPCE Launches In-App Crypto Trading for 2 Million Users
- BPCE enables crypto trading for 2 million users.
- Launch with BTC, ETH, SOL, and USDC.
- Service operated by regulated subsidiary Hexarq.
BPCE, France’s second-largest bank, introduces in-app crypto trading for BTC, ETH, SOL, and USDC to around 2 million users via its digital-asset subsidiary Hexarq.
The launch reflects increased mainstream crypto adoption, highlighting regulatory compliance within the industry, but immediate market reactions remain limited pending further engagement from broader financial sectors.
The French banking giant BPCE has started offering in-app crypto trading through its Banque Populaire and Caisse d’Épargne apps. The initial rollout targets approximately 2 million users with cryptocurrencies like Bitcoin and Ethereum.
Key stakeholders in this initiative include BPCE and Hexarq, BPCE’s digital-asset subsidiary. Hexarq provides operational support and holds a PSAN registration from France’s Autorité des Marchés Financiers. The service covers leading digital currencies.
Immediate effects include increased exposure to digital currencies for BPCE’s users, fostering crypto familiarity. Such integration signals a broader acceptance within traditional banking sectors, potentially influencing others to follow.
This banking integration is significant for the regulatory landscape, given it leverages Hexarq’s regulated status under French law, aligning with upcoming European MiCA compliance standards for crypto services.
The move by BPCE underscores growing bank interest in capturing crypto markets. It may set a standard for consumer-facing digital asset initiatives within conventional finance.
Financial and regulatory outcomes could involve increased crypto market liquidity and pressure on other European banks to adapt. Historical trends show that such integrations often boost market volumes without directly affecting decentralized ecosystems. As of now, there do not appear to be any widely circulated direct quotes from key executives, regulators, or influential cryptocurrency leaders regarding the BPCE rollout of in-app crypto trading for BTC, ETH, SOL, and USDC.
