Bit2Me to expand in Spain and Latin America after raising $15m.

Here are the main points:

  • Bit2Me, a Spanish cryptocurrency exchange, plans to expand its services in Spain and Latin America.

  • The exchange raised $15 million in a funding round led by Investcorp, with participation from Telefónica Ventures, Stratminds VC, Cardano, and YGG Fund.

Bit2Me to expand its services in Spain and Latin America

Bit2Me, one of the leading cryptocurrency exchanges in Spain, has announced that it will expand its services in Spain and Latin America.

The company raised $15 million in a funding round led by Investcorp. Telefónica Ventures, Stratminds VC, Cardano, and YGG Fund also participated in the round.

The funds will be used to increase Bit2Me’s presence in Spain and accelerate its expansion in certain Latin American countries.

According to Leif Ferreira, co-founder and CEO of Bit2Me, “This funding will boost our acquisition of new customers, especially thanks to Investcorp, an international partner with significant financial muscle, and to Telefónica, who will give us more channels in Latin America.”

Bit2Me is building a presence in Latin America

Bit2Me is becoming an important cryptocurrency exchange in Latin America. In May 2021, the company established a new office in Brazil to handle compliance tasks.

Two months later, Bit2Me acquired a majority stake in the Peruvian peer Fluyez as it looked to expand its presence in some Latin American countries, including Chile, Uruguay, and Colombia.

In February 2023, Bit2Me received approval from the Bank of Spain to be the first provider of virtual currency services and the custody of digital wallets.

The expansion plans of Bit2Me come at a time when leading cryptocurrency exchanges Binance and Coinbase are facing regulatory challenges. The US SEC recently sued the two exchanges for allegedly violating securities laws in the country.

We will continue to update Phone&Auto; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

BlockChain

Swell Introduces Layer-2 Restaking Rollup in Partnership with AltLayer and EigenLayer

Swell teamed up with Ethereum scaler AltLayer and a16z-backed crypto-staking project EigenLayer to create the rollup,...

DeFi

Decentralized Finance and the Rise of Liquid Restaking Tokens (LRTs) on Ethereum

The emergence of popular liquid restaking platforms such as Puffer and Ether.Fi has generated billions of dollars in ...

Market

Ether.Fi will launch the ETHFI token on Binance Launchpool next week.

Liquid restaking protocols, such as Ether.Fi, utilize Ethereum's proof-of-stake blockchain to enhance the security of...

News

In a Plot Twist, Poloniex Bounces Back from $100M Hack with TRX Withdrawals!

Poloniex restores withdrawals following $100M hack, prioritizing TRX deposits and withdrawals. Find out how this impa...

News

Shady Transactions Raise Eyebrows as $110 Million Evaporates from HECO Bridge and HTX Exchange – What in the Crypto World is Happening?

Recent blockchain breaches on the HECO bridge and HTX platform have been reported by security firms, resulting in an ...

DeFi

🚀 Liquid Restaking Tokens: The Hype, The Risks, and The Future of Ethereum DeFi! 🌟

Discover the latest developments in the world of blockchain technology with our weekly newsletter. This week, join Sa...