Bankinter, a domestic bank in Spain, announced an investment in the crypto exchange Bit2Me, participating in the project's €30 million (approximately $33 million) funding round as a minority shareholder. The funding round also included major investors such as Tether. Bit2Me stated that the injection of bank capital will significantly strengthen its capital reserves and provide a solid foundation for further expansion into European and Latin American markets. Notably, Bit2Me has completed registration under the EU MiCA (Markets in Crypto-Assets) framework, which means it has become an important channel for traditional financial institutions to enter the crypto market through the B2B model. This move reflects European financial institutions' recognition of a compliant crypto ecosystem and a positive attitude towards expanding cross-border crypto businesses.
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WhaleWatcher
· 12h ago
Banks are really starting to get involved; this wave of MiCA compliance benefits is truly here.
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BlockchainArchaeologist
· 12h ago
Hey, traditional banks are starting to copy our homework too? Compliance is indeed the ticket.
Bank entry is a signal, Europe is taking it seriously.
A compliant exchange under the MiCA framework, now that's the real deal.
Bankinter's move is quite steady, not all in nor just watching.
Wait, is Tether also involved in this round? Then it's worth paying attention to.
Latin America indeed lacks such bridges.
30 million euros, neither big nor small, just right.
We've seen many alliances between traditional finance and crypto, but it still feels different.
This is probably what Web3 maturity looks like, boring but necessary.
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YieldWhisperer
· 13h ago
Banks are now quietly entering the market, this is true institutional recognition... Playing the MiCA compliance card so well.
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AirdropLicker
· 13h ago
Traditional finance is finally dropping the pretense and entering the market directly. This is what I mean when I say compliance is the future.
Bankinter, a domestic bank in Spain, announced an investment in the crypto exchange Bit2Me, participating in the project's €30 million (approximately $33 million) funding round as a minority shareholder. The funding round also included major investors such as Tether. Bit2Me stated that the injection of bank capital will significantly strengthen its capital reserves and provide a solid foundation for further expansion into European and Latin American markets. Notably, Bit2Me has completed registration under the EU MiCA (Markets in Crypto-Assets) framework, which means it has become an important channel for traditional financial institutions to enter the crypto market through the B2B model. This move reflects European financial institutions' recognition of a compliant crypto ecosystem and a positive attitude towards expanding cross-border crypto businesses.