Spain’s first regulated crypto exchange, Bit2Me, joins forces with Shanghai’s Digital Finance Group (DFG), a global blockchain and digital asset investment firm, to foster promising crypto projects from Spanish and Portuguese-speaking markets.
Bit2Me is a Spanish crypto exchange founded by Andrei Manuel and Leif Ferreira in 2014. In January 2021, FORBES magazine selected Bit2Me as one of the companies in Spain that will drive change. Last month, Bit2Me was granted approval from the Bank of Spain to be the “first provider of services for the exchange of virtual currency for fiat currency and the custody of digital wallets.” Last year, the company raised EUR 20 million ($22.7 million) via an ICO.
With over $1 billion asset under management, DFG is committed to the long-term potential of blockchain technology and manages investments across the blockchain ecosystem. DFG’s portfolio includes some of the big brands in crypto space, including Circle, LedgerX, Chainsafe, Bloq, Brave, Ripio, and Bitso. Moreover, DFG was the lead investor in the development and launch of USDC.
As per the deal, the two companies will exchange, collaborate on, and co-invest in quality early-stage projects from Spanish and Portuguese-speaking markets primed for launch.
This partnership comes as DFG supports further adoption of the DeFi ecosystem, helping usher in a new era for crypto, particularly in Spain, Portugal, and Latin America. With this partnership, Spanish and Portuguese-speaking markets will access DFG’s digital assets, and vice versa, enjoying co-investment initiatives, the exchange of portfolios, and quality early-stage project recommendations.
James Wo, founder, and CEO of Digital Finance Group, commented:
“DFG has always focused on working with the most important teams and service providers, and this is most certainly one of them. Teaming up with Bit2Me opens us up to completely new territories including the Iberian peninsula alongside much of Latin America, but more importantly, it allows us to foster promising projects which could provide these fledgling spaces much-needed credibility in the ecosystem.”
Similar to other countries, Spain is also moving towards a more flexible crypto regulation. Bit2Me said that it’s recent entry into the Spanish regulator’s registry served as a landmark for the adoption of cryptocurrency in the country.
It is estimated that over 1.1 million people, 2.51% of Spain’s total population, currently own cryptocurrency. Both the companies believe that the DeFi ecosystem must reinforce fledgling projects and initiatives to help usher in the new era for crypto in the region.
Both the companies will leverage their specific strengths in the digital assets space to propel ICO projects from the region. The collaboration involves co-investment initiatives, the exchange of portfolios, and quality early-stage project recommendations.
DGF will also help Bit2Me to optimize its launchpad for Spanish- and Portuguese-speaking communities to bolster ICO projects prior to take off. This includes providing a suite of different services, including a wallet, exchange, launchpad, staking, and a crypto academy that currently boasts almost three million students.
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