Ripple has expanded its collaboration with BBVA, implementing its digital asset custody technology to enhance BBVA's crypto trading and custody services for retail customers in Spain. This agreement builds on their previous partnerships in Switzerland and Turkey, and follows BBVA's recent role as an independent custodian for Binance clients.

Gemini has filed for an IPO on Nasdaq under the ticker GEMI, revealing a significant net loss of $282.5 million in the first half of 2025, compared to $41.3 million in the same period last year. The filing also includes plans to transition most users to a Florida-based unit called Moonbase and a new credit agreement with Ripple worth up to $75 million.