Tether leads investment in Spanish cryptocurrency exchange Bit2Me, raising € 30 million in funding

According to CoinDesk, Tether has secured a minority stake in the Spanish cryptocurrency exchange Bit2Me through its subsidiary Tether Ventures, leading a € 30 million funding round. Bit2Me has been authorized by the Spanish securities regulatory agency to become the first Spanish language fintech company to obtain the EU MiCA license, and plans to use this round of funding to expand its presence in the Latin American market, with a focus on expanding its business in Argentina. Existing shareholders include Telef&Oakute; Nica, BBVA, Unicaja and other large Spanish institutions. The specific shareholding ratio and valuation of the transaction have not been disclosed.