Tether Ventures leads a 30 million EUR funding round at the cryptocurrency exchange Bit2Me, contributing to Bit2Me becoming the first Spanish-speaking fintech to receive the EU's MiCA license.
Bit2Me has just raised funds to expand operations in Latin America, particularly focusing on Argentina, with participation from major shareholders such as Telefónica, BBVA, and Unicaja.
MAIN CONTENT
Tether Ventures invests 30 million EUR, holding a minority stake in Bit2Me.
Bit2Me is the first Spanish-speaking fintech to receive the EU's MiCA license.
Plans to expand into key markets in Latin America, especially Argentina.
How does Tether Ventures invest in Bit2Me?
Tether Ventures leads a funding round of 30 million EUR, holding a minority stake in Bit2Me. Specific terms regarding the ownership ratio and valuation have not been disclosed.
This investment marks Tether's strategic commitment to supporting fintech platforms in scaling up, while leveraging the rapid development of the global cryptocurrency market. Tether's involvement helps Bit2Me enhance its finances and reputation in the market.
How did Bit2Me receive the exclusive MiCA license?
Bit2Me becomes the first Spanish-speaking fintech to receive the EU's MiCA license, approved by the Spanish securities regulator. This is an important step that allows Bit2Me to operate legally and transparently under the new regulations of the European Union.
The MiCA license facilitates Bit2Me to develop cryptocurrency financial services according to European standards, thereby enhancing the trust of customers and partners, while also expanding international collaboration opportunities in this field.
How does Bit2Me plan to expand into the Latin American market?
Bit2Me plans to use the new funding to expand its business network in the Latin American region, with a special focus on the Argentine market. This is a potential market with a strong increase in demand for cryptocurrency and fintech services.
The participation of major shareholders like Telefónica, BBVA, and Unicaja not only helps strengthen finances but also brings advantages in networking and business reputation, thereby enhancing Bit2Me's position and sustainable growth in the international market.
Bit2Me's receipt of the MiCA license is a clear testament to the company's seriousness and commitment to complying with legal regulations, as well as affirming its pioneering role in the fintech industry in Europe.
Spokesperson of the Spanish Securities Regulator, 2024
Frequently Asked Questions
What is the MiCA license and why is it important for Bit2Me?
MiCA is an EU regulation for the cryptocurrency industry, helping Bit2Me operate legally in Europe and enhance trust with customers.
How much capital does Tether Ventures invest in Bit2Me?
Tether Ventures leads a 30 million EUR funding round, holding a minority stake in Bit2Me.
Which market will Bit2Me focus on expanding after the funding?
Bit2Me prioritizes development in Latin America, especially Argentina, following the new funding round.
Who are the major shareholders of Bit2Me?
Shareholders include leading organizations in Spain such as Telefónica, BBVA, and Unicaja.
What does Tether Ventures' investment mean for Bit2Me?
The investment helps Bit2Me strengthen its finances and enhance its reputation, while also expanding its network in the international market.
Source: https://tintucbitcoin.com/tether-dau-tu-30-trieu-euro-bit2me/
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