Tether Invests €30 Million in Spanish Crypto Exchange Bit2Me
Tether has acquired a minority stake in Spanish crypto exchange Bit2Me, leading a €30 million (approximately $35 million) investment round aimed at expanding the exchange's operations in Europe and Latin America.
Key developments include:
- Bit2Me is the first Spanish-speaking fintech authorized by Spain’s securities regulator under the EU’s MiCA framework, enabling operations throughout the European Union.
- Tether Ventures will utilize profits and reserves for this investment, which aligns with Tether's strategy of investing in various sectors.
- Previous investments by Tether include stakes in Juventus, Adecoagro, Crystal Intelligence, Rumble, and Elemental Altus.
- Funding will help Bit2Me enhance its presence in Latin America, particularly Argentina, where it holds a Virtual Asset Service Provider license.
- Bit2Me is supported by major institutions like Telefónica, Unicaja, BBVA, and Cecabank.
Details regarding Tether's exact stake size and Bit2Me's new valuation remain undisclosed.