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    Spanish Bank Unicaja Ventures into Crypto with 5% Bit2Me Stake

    Unicaja Bank, Spain's fifth-largest bank, has bought a 5% share in the cryptocurrency exchange Bit2Me, according to a source

    Updated Jul 22, 2024
    Ayanfe Fakunle

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    Ayanfe Fakunle

    Spanish Bank Unicaja Ventures into Crypto with 5% Bit2Me Stake

    Unicaja Bank, Spain’s fifth-largest bank, has bought a 5% share in the cryptocurrency exchange Bit2Me, according to a source, confirmed by the company’s CEO in an X tweet during the weekend. This is the first time Unicaja Bank has invested in this area. This makes Unicaja the main financial partner for Bit2Me in Spain.

    Bit2Me is a top company in the crypto market for Spanish speakers. It has over a million customers and was the first to be registered as a cryptocurrency service provider by the Bank of Spain. Unicaja Ventures, a new project by Unicaja Group, made this investment possible. As part of the deal, Unicaja now has a place on Bit2Me’s board of directors.

    What’s at Stake with 5%?

    Unicaja’s investment shows its commitment to new technology and readiness for future changes in finance. By partnering with Bit2Me, Unicaja hopes to create new financial products that reflect global best practices. This partnership will also help Unicaja adapt to new rules, including the European MiCA regulations, which control how cryptocurrencies work. The partnership also allows Unicaja to 

    prepare for the Pilot Regime, which sets the rules for new financial markets using blockchain technology, as well as the upcoming digital euro.

    Bit2Me’s Views

    Bit2Me stands to gain a lot from this partnership with Unicaja. The bank’s support and expertise will help Bit2Me grow, especially as the crypto market prepares for MiCA regulations. Bit2Me’s COO and co-founder, Andrei Manuel, says they are dedicated to providing secure and innovative solutions that meet regulatory standards and are ready for the digital euro and the tokenization of financial assets.

    Moreover, this investment comes at a time when interest in the crypto market is picking up again, with big names like Bitcoin and Ethereum seeing significant gains coming on the heels of the news of the failed assassination attempt on former president Donald Trump, as the recent drop out of the Democrat’s and incumbent president Joe Biden on Sunday, which was made official Monday morning.

    Thus, Unicaja’s timely move into the crypto space positions it well for future growth, and the timing couldn’t be better.

    Ayanfe Fakunle

    Ayanfe Fakunle

    Editor

    Ayanfe Fakunle is an expert content writer, journalist, and editor at the intersection of crypto, finance, and web3. His mission is to make crypto accessible, engaging, and exciting for everyone.

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