As soon as regulators give their OK later this year, KBC Bank in Belgium will let regular people trade Bitcoin and Ether through its Bolero platform.
One of the biggest banks in Belgium, KBC Bank, is getting ready to let its customers buy cryptocurrencies through its Bolero subsidiary.
This year, KBC revealed to Cointelegraph that investors can buy Bitcoin and Ether on Bolero, an online investment platform.
“An analysis is being done so that we can be recognized as a Crypto-Asset Service Provider (CASP) in the fall,” a KBC spokesperson said.
They said, “Private investors could then have the chance to invest directly in Bitcoin and Ether within a trusted framework, with a focus on education, security, and following the rules.”
One of the first banks in Belgium to accept cryptocurrency
A story from L’Echo says that if the rollout goes as planned, KBC will be the first big Belgian bank to say it wants to offer crypto services to regular people.
The study said that Belgian customers mostly use foreign cryptocurrency exchanges like Binance, Coinbase, and OKX, or cryptocurrency-friendly investment apps like Revolut and N26.
European banks are becoming more interested in crypto investment and storage products. Two German banks, Deutsche Bank and Sparkassen-Finanzgruppe, are rumored to be planning to launch crypto products in the next few months.
The banking push goes as planned.
BBVA, Spain’s second-largest bank, has told its wealthy clients to spend up to 7% of their money on cryptocurrencies like Bitcoin.
Some people in the crypto business knew that banks would be moving into crypto in the future. Messari and Sygnum executives said in April that many banks would get into crypto in the second half of 2025 because crypto laws worldwide were improving.
John Collison, co-founder and president of Stripe, said at the end of May that the company had been in talks with several banks interested in trying out stablecoins.