Bankinter Takes Minority Stake in Bit2Me Crypto Exchange (digital asset trading platform)
Bankinter’s investment in Bit2Me forms part of a $34 million round to boost technical synergies and expansion within Spain and the EU.
Summary
Bankinter has disclosed the acquisition of a minority stake in Spanish crypto exchange Bit2Me as part of a $34 million funding round. The strategic investment seeks to create technical and knowledge synergies while supporting Bit2Me’s expansion in Spain and across the European Union. Bit2Me is already registered under the EU’s MiCA regulation, enabling it to operate throughout the 27-country bloc, with previous backing from BBVA, Unicaja, and Cecabank.
Terms & Concepts
- MiCA: A European Union framework setting rules for crypto-assets and service providers.
- Crypto exchange: A platform that lets users buy, sell, and trade cryptocurrencies.