Bankinter Takes Stake In Bit2Me Alongside Tether And BBVA

Spanish bank Bankinter has invested in a minority stake in the Spanish cryptocurrency exchange Bit2Me, joining previous investors like stablecoin issuer Tether and Spain's BBVA. This investment is part of Bit2Me's 30 million euro ($34.9 million) funding round, which aims to support its expansion across Spain and the European Union by leveraging technological and knowledge synergies. Bit2Me is notable as the first Spanish-speaking fintech authorized by Spain's National Securities Market Commission (CNMV) as a crypto-asset service provider under MiCA. Bit2Me's CFO stated that this alliance allows banks to integrate their strengths with Bit2Me's expertise in the sector. This move aligns with a broader trend of traditional finance institutions globally entering the crypto space through investments and new offerings.

(Source：Cointelegraph)