European and Latin American Cryptocurrency Markets Expand Through Strategic Partnership
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Tether Acquires Stake in Spanish Exchange Bit2Me in €30M Deal
In a significant move to strengthen its foothold in the European market and accelerate growth across Latin America, Tether has acquired a minority stake in Spanish cryptocurrency exchange Bit2Me. The deal, valued at €30 million, marks a strategic partnership that will propel the development of innovative products and expand Bit2Me’s presence in these regions.
Tether’s investment aims to deepen its integration with Bit2Me’s robust infrastructure, enabling the latter to enhance its trading capabilities, introduce new features, and bolster its marketing efforts. By partnering with Tether, Bit2Me gains access to liquidity and technical support, allowing it to scale responsibly across emerging economies.
The deal also underscores Tether’s commitment to supporting licensed, compliant platforms in various markets. The company has been investing in infrastructure projects in Europe and Latin America, thereby bridging crypto liquidity with traditional finance while mitigating compliance risk.
Bit2Me, founded in 2014, has made significant strides since its inception. With over 1.2 million users and more than 7,000 corporate clients under its belt, the exchange is poised to make a substantial impact in the cryptocurrency market.
As part of this partnership, Bit2Me will channel the funding into various initiatives aimed at driving growth. These include the launch of new trading pairs, platform enhancements, and an aggressive marketing campaign. The strategic alliance with Tether will enable Bit2Me to solidify its position in Spain and set the stage for a bold expansion across Europe.
The acquisition is further fueled by regulatory considerations. Bit2Me has recently obtained approval from Spain’s CNMV (Comisión Nacional del Mercado de Valores) to operate as a Crypto-Asset Service Provider under the European Union’s Markets in Crypto-Assets regulation. This milestone marks a significant achievement for Bit2Me, establishing it as the first Spanish-speaking platform cleared to operate across all 27 EU member states with a unified regulatory passport.
The partnership will focus on fueling growth and innovation, particularly in Latin America, where Argentina is set to be prioritized given its soaring demand for dollar-pegged assets. Local economic instability and high inflation have driven widespread adoption of stablecoins as a hedge against currency devaluation.
Tether’s acquisition underscores the company’s commitment to supporting compliant platforms, highlighting its role as a strategic backer of regulated crypto growth worldwide.
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(Please note: This article does not necessarily represent the views or opinions of Crypto Economy’s staff.)
Source: crypto-economy.com
