Bit2Me, a Spanish-based digital asset platform serving the Spanish-speaking market, has secured a €30 million Series B round from Tether, the issuer of USDT and a major player in the digital asset space.
- Founded in 2015, Bit2Me develops a digital asset platform serving primarily the Spanish-speaking market. It operates a cryptocurrency exchange, facilitating the buying, selling, and trading of various digital assets.
- The company offers wealth management services for high-net-worth clients and institutions, including tailored crypto loans, staking options, and an over-the-counter (OTC) desk for large-volume trades with deep liquidity and immediate settlement. Users must complete verification and regulatory compliance, with some services requiring a minimum account balance.
- Bit2Me holds multiple legal and security certifications and is registered with the Bank of Spain for custody and trading of digital assets, operating within established regulatory frameworks to ensure security and transparency.
Details of the deal
- The Series B round was led by Tether, which acquired a minority stake in Bit2Me. Other investors participating include Telefónica, Unicaja, Cecabank, BBVA, and Investcorp.
- Bit2Me will use the fresh funding primarily to accelerate its expansion across the European Union and strengthen its presence in Argentina and other Latin American markets.
- The investment will also support scaling its operations, increasing its customer base, and enhancing its regulatory compliance and technology infrastructure to offer secure and transparent crypto services.
"None of this would have been possible without the incredible team we have at Bit2Me, the final push from our shareholders to make it happen, and the outstanding support of our legal advisors at ClubLegal, who played a key role in getting this over the line," co-founder at Bit2Me, Andrei, commented on LinkedIn.
