French banking giant BPCE to launch in-app crypto trading: Report
Analysis
Price Impact
HighFrench banking giant bpce, serving 12 million retail customers, launching in-app crypto trading for btc, eth, sol, and usdc significantly enhances accessibility and mainstream adoption. this move by a major traditional bank can bring substantial new capital into the crypto market.
Trustworthiness
HighThe report comes from the big whale, a reputable french financial news outlet, cited by cointelegraph, and includes details from a bank insider, indicating strong reliability.
Price Direction
BullishThe integration of crypto trading into a major bank's mobile apps for millions of customers will significantly increase ease of access and reduce barriers to entry for new investors. this direct access within trusted banking environments is likely to drive demand and lead to upward price pressure for the supported assets.
Time Effect
LongWhile there may be an initial short-term positive reaction, the full rollout to 12 million customers is phased through 2026. this suggests a sustained, long-term increase in demand and adoption rather than a fleeting event.
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Article Content:
Amin Haqshanas 50 seconds ago French banking giant BPCE to launch in-app crypto trading: Report BPCE will let millions of customers buy and sell BTC, ETH, SOL and USDC directly inside its banking apps. Listen 0:00 News COINTELEGRAPH IN YOUR SOCIAL FEED French banking heavyweight BPCE is preparing to introduce crypto trading to millions of its retail customers, making it one of the first major traditional European banks to offer digital assets. According to a report from The Big Whale, the group will allow users to buy and sell Bitcoin ( BTC ), Ether ( ETH ), Solana ( SOL ) and USDC ( USDC ) directly inside its Banque Populaire and Caisse d’Épargne mobile apps starting Monday. The initial rollout will cover clients of four regional banks, including Banque Populaire Île-de-France and Caisse d’Épargne Provence-Alpes-Côte d’Azur, reaching roughly 2 million customers. BPCE plans to extend the service gradually across its remaining 25 regional entities through 2026, ultimately making crypto trading available to its full 12-million-strong retail base. A bank insider reportedly told The Big Whale that the phased approach is intended to “monitor how the service performs at launch” before scaling. BPCE to offer crypto trading. Source: Raphaël Bloch Related: EU plan would boost ESMA powers over crypto and capital markets BPCE rolls out paid in-app crypto accounts Crypto purchases and sales will be handled through a dedicated digital asset account within the banking apps, managed by Hexarq, BPCE’s crypto subsidiary, per the report. The account carries a 2.99 euros ($3.48) monthly fee and a 1.5% commission per trade, with a minimum of $1.16. Users will be able to access the service without needing external exchanges or third-party wallets. BPCE’s move comes as competition intensifies across Europe between traditional banks and crypto-friendly fintechs such as Revolut, Deblock, Bitstack and Trade Republic, all of which are offering access to digital assets. Several European institutions have also taken similar steps. BBVA allows Spanish customers to buy, sell and hold Bitcoin and Ether directly within its app, backed by in-house custody. Santander’s digital arm Openbank offers trading and custody for five cryptocurrencies, while Raiffeisen Bank’s Vienna-based unit partnered with Bitpanda to bring crypto services to its retail clients. Related: Telegram CEO Pavel Durov free to leave France as travel ban lifted: Report France to tax crypto as “unproductive wealth” Last month, French lawmakers narrowly approved an amendment that would extend the country’s wealth tax to cover “unproductive assets,” including certain real estate, luxury items, and digital assets such as crypto. Under the amendment, individuals holding more than $2.3 million in qualifying “unproductive wealth” would face a new flat 1% tax, a shift from today’s progressive real estate wealth tax. The expanded taxable base includes digital assets. The proposal must still pass the Senate as part of the 2026 budget process before becoming law. Magazine: 2026 is the year of pragmatic privacy in crypto — Canton, Zcash and more # Bitcoin # Cryptocurrencies # France # Banks # Ethereum # Adoption # Cryptocurrency Exchange # Trading Add reaction