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
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors
The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
What to know:
- VanEck has updated its filing for an Avalanche ETF, VAVX, to include staking rewards, aiming to generate income for investors by staking up to 70% of its AVAX holdings.
- The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
- If approved, the fund will trade on Nasdaq under the ticker VAVX, tracking AVAX's price via a custom index, and will be custodied with regulated providers, including Anchorage Digital and Coinbase Custody.
Top Stories
