Share this article
Crypto Exchange Bit2Me Raises $15M to Grow in Spain and Latin America
The investment round included Telefónica Ventures, the investment arm of Spain’s largest telecommunications company Telefónica.
Updated Jun 22, 2023, 4:29 p.m. Published Jun 15, 2023, 6:00 a.m.
Bit2Me, a leading Spanish crypto exchange, has raised $15 million in a funding round led by Investcorp.
The investment round also included Telefónica Ventures, the investment arm of Spain’s largest telecommunications company Telefónica, Stratminds VC, EMURGO and Gabby Dizon, CEO of YGG, Bit2Me said in a press release.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Funds will be used by Bit2Me to grow its position in Spain, where the company was born, and to accelerate its expansion in Latin America.
“This funding will boost our acquisition of new customers specially thanks to Investcorp, an international partner with significant financial muscle, and to Telefónica, who will give us more channels in Latin America,” Leif Ferreira, co-founder and CEO of Bit2Me, said in a statement.
In July 2022, Bit2Me acquired a majority stake in the Peruvian peer Fluyez, in what was the first step of a search for acquisition opportunities in Chile, Colombia and Uruguay, the company said at the time.
In February, Bit2Me obtained 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.
UPDATE (June 22, 16:29 UTC): Updates from company clarifying that Cardano and YGG Fund did not participate in the investment round, but EMURGO and Gabby Dizon did.
More For You
L1 tokens broadly underperformed in 2025 despite a backdrop of regulatory and institutional wins. Explore the key trends defining ten major blockchains below.
What to know:
2025 was defined by a stark divergence: structural progress collided with stagnant price action. Institutional milestones were reached and TVL increased across most major ecosystems, yet the majority of large-cap Layer-1 tokens finished the year with negative or flat returns.
This report analyzes the structural decoupling between network usage and token performance. We examine 10 major blockchain ecosystems, exploring protocol versus application revenues, key ecosystem narratives, mechanics driving institutional adoption, and the trends to watch as we head into 2026.
More For You
Coinbase agrees to buy The Clearing Company to deepen prediction markets push
The deal brings a team with specialized experience building event-based trading systems, including veterans from Polymarket and Kalshi.
What to know:
- Coinbase is acquiring The Clearing Company, a startup with experience in prediction markets, to help grow its newly introduced platform.
- The deal brings in a team with specialized experience building event-based trading systems, including veterans from Polymarket and Kalshi.
- The acquisition is part of Coinbase's plan to become an "Everything Exchange", offering a wide range of trading options, including novel cryptocurrencies, perpetual futures contracts, stocks, and prediction markets.
Top Stories
