Coreum (CORE), an XRPL-based token, secures a listing on leading Latin American Exchange Bit2Me alongside a partnership with the University of California.
Coreum (CORE) has recently been integrated into Bit2Me, an exchange in Spain and Latin America. This integration is part of Coreum’s ongoing efforts to enhance interoperability within the crypto sector.
Coreum is now live on @bit2me, the leading regulated exchange in Spain and LATAM.
While bringing $COREUM to new markets, Bit2Me enables diverse use cases on the platform such as instant transfers via email or phone number, #crypto payments for e-commerce, and more.
Now Live:… pic.twitter.com/nqlxLrODfW
— Coreum (@CoreumOfficial) May 9, 2024
With its listing on Bit2Me, Coreum is now accessible to a wider audience in the burgeoning markets of Spain and Latin America. Bit2Me offers a suite of services that complement Coreum’s offerings, including the ability to conduct instant transfers via email or phone number, and the facilitation of cryptocurrency payments for e-commerce.
On the same day, Coreum also announced a partnership with the University of California, Santa Barbara through its University Ambassador Program. This collaboration will feature during the upcoming UCSB Blockchain Summit, further highlighting Coreum’s commitment to fostering education and engagement in the blockchain community.
Fast Transactions Meet Modern Finance Needs Coreum, built on top of Tendermint and Cosmos SDK, is designed to handle enterprise-scale operations with a transaction speed capability of up to 7,000 transactions per second (TPS). Its architecture is compliant with ISO20022 standards, facilitating efficient cross-border settlements.
As earlier reported by The Crypto Basic, Coreum launched a bridge to the XRP Ledger (XRPL), allowing seamless transactions between the two chains and enhancing liquidity for its users. There was a surge in volume of XRP tokens bridged to the Coreum network by market participants in April.
Bit2Me on its hand supports multi-currency operations, allowing users to manage both Coreum and traditional money efficiently. The platform’s flexibility extends to creating multiple wallets in different currencies, tailored to various spending needs such as holiday savings or monthly budgeting.
Coreum Suffers Market Decline Despite these technological strides and market expansions, Coreum’s market price has faced downward pressure. Currently priced at $0.0951, with a 24-hour trading volume of $1,834,419.43, it has experienced a 2.66% decline in the last day and a 6.40% fall over the past week.
These figures indicate a challenging environment for Coreum, especially when contrasted with the broader cryptocurrency market’s slight downturn of 0.10% and other similar cryptocurrencies, which have collectively risen by 5.70%. On the social engagement front, Coreum’s visibility in cryptocurrency-related discussions has shown fluctuations correlating with its market activity, per Santiment data.
At its peak in December 2023, Coreum achieved a high trending rank on social platforms, indicating a spike in public interest and discussion during that period. However, this interest has seen a decline following the peak, as evidenced by a downward trend in social volume and engagement metrics.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
French banking giant ODDO BHF is launching a euro-backed stablecoin called EUROD, designed to be a compliant digital version of the euro.EUROD will be listed on Madrid-based crypto platform Bit2Me, which is backed by major institutions including telecom giant Telefonica and banking giants Unicaja and BBVA.The stablecoin meets EU regulatory requirements under MiCA and is aimed at both retail and institutional users, the companies said.175-year-old French banking giant ODDO BHF, which manages over €150 billion ($173 billion) in assets, is entering the crypto space with the launch of a euro-backed stablecoin dubbed EUROD.
The token is set to be listed on Madrid-based crypto platform Bit2Me, one of the largest exchanges in the Spanish-speaking world that’s backed by telecom giant Telefonica and other major institutions including banking giants Unicaja and BBVA.
EUROD, according to a press release shared with CoinDesk, is designed to be a compliant, low-volatility digital version of the euro. The firms said it meets requirements under the EU’s new MiCA regulation and is aimed at both retail and institutional users.
Bit2Me, which saw Tether lead a €30 million ($35 million) investment round in it earlier this year, is positioning the listing as a bridge between traditional finance and crypto.
“The listing of ODDO BHF’s euro stablecoin is another important step in Bit2Me’s mission to offer trusted, regulated digital assets,” said Leif Ferreira, Bit2Me’s CEO.
By pairing a euro-pegged digital asset with a regulated banking institution, ODDO BHF is betting on a growing demand for payment solutions that combine the stability of fiat with the convenience of blockchain rails.
PANews reported on October 15th that ODDO BHF, a 175-year-old French banking giant with over €150 billion (US$173 billion) in assets under management, is entering the cryptocurrency space with the launch of a euro-backed stablecoin called EUROD. The token will be listed on the Madrid-based cryptocurrency platform Bit2Me. EUROD is designed to be a compliant, low-volatility digital version of the euro. The companies stated that the token complies with the EU's new Markets in Crypto-Assets (MiCA) regulation and is targeted at both retail and institutional users.
French banking giant ODDO BHF has made a significant entry into the cryptocurrency market by launching its Euro-pegged stablecoin, EUROD. According to CoinDesk, this stablecoin will be listed on the Madrid-based Bit2Me platform. Positioning itself as a low-volatility payment tool, EUROD is targeted for both individual and institutional use. The project aligns with the European Union’s MiCA framework. Supported by institutions like Telefónica and BBVA, Bit2Me reinforces the trust factor combined with a banking-backed issuer. ODDO BHF, with a 175-year history and over €150 billion in asset management, is crafting a new bridge between traditional finance and blockchain technology.
EUROD Coin: A New Digital Euro Under MiCA ComplianceEUROD is defined as a compliant digital Euro version under the MiCA framework. The target audience comprises users who want to conduct transactions within a regulated framework for payment and transfer scenarios. Bit2Me, a scaled player in Spanish-speaking markets, considers this listing as a bridge. Leif Ferreira, CEO of Bit2Me, emphasizes the mission to expand the set of regulated and reliable assets, stating that a bank-supported Euro peg will accelerate the platform’s corporate expansion.
Earlier this year, Bit2Me grabbed attention with a €30 million funding round led by Tether. When ODDO BHF’s banking status merges with Bit2Me’s market reach, the Euro-pegged digital payment layer aims to capture corporate demand in treasury, commercial payments, and cross-border transfers, in addition to individual users. The involvement of European issuers amid a global dominance of dollar-pegged coins increases currency diversity.
Growing Competition for Euro-Pegged Stablecoins in EuropeThe European market has grown familiar with bank-supported Euro-pegged stablecoins, with Société Générale-FORGE’s EURCV launch. As of September, nine banks, including ING, Banca Sella, Danske Bank, DekaBank, and CaixaBank, had announced MiCA-compliant Euro-pegged stablecoin initiatives. EUROD by ODDO BHF positions itself in this league with oversight from banking and the narrative of regulated reserves. Its differentiating factor is an exchange listing that prioritizes accessibility from day one.
Despite the market being dominated by dollar-based stablecoins, the options for Euro-based payments and corporate cash management are anticipated to rise. The natural advantage of Euro-denominated settlements in intra-European exchanges, combined with regulatory clarity, may accelerate adoption. EUROD’s deployment on Bit2Me highlights an attempt to unite regulatory compliance with market liquidity.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
TLDR:ODDO BHF Launches EUROD for Retail and Institutional UsersEUROD Debut on Bit2Me Strengthens Bank-Crypto LinksGet 3 Free Stock Ebooks ODDO BHF launches EUROD, a euro-backed stablecoin, entering crypto markets for retail and institutions. EUROD will debut on Bit2Me, supported by Telefonica and Spanish banks Unicaja and BBVA. EUROD complies with EU MiCA regulations, offering a low-volatility euro digital token for users. ODDO BHF manages over €150 billion in assets and aims to bridge traditional finance with crypto.
French banking giant ODDO BHF is stepping into the cryptocurrency market with a new euro-backed stablecoin.
The bank, which manages over €150 billion in assets, aims to provide a regulated, low-volatility digital version of the euro. This move signals ODDO BHF’s entry into both retail and institutional crypto markets.
EUROD, the newly launched token, will be available on a major Spanish exchange. The initiative reflects growing interest from traditional banks in digital currencies.
ODDO BHF Launches EUROD for Retail and Institutional Users EUROD is designed to meet the European Union’s MiCA regulatory requirements. According to a release, the token targets both retail investors and institutional clients.
The stablecoin aims to offer low volatility compared to traditional cryptocurrencies. ODDO BHF emphasized compliance and accessibility as central features of EUROD.
The bank’s 175-year history provides credibility in managing a secure digital currency. EUROD could serve as a bridge between conventional finance and blockchain technology.
The stablecoin allows users to transact digitally while remaining tethered to the euro. This ensures predictable pricing and reduces exposure to crypto market swings.
Bit2Me, the Madrid-based platform hosting EUROD, is backed by telecom giant Telefonica and banking groups Unicaja and BBVA. This institutional support strengthens the exchange’s reach and reliability.
The listing ensures EUROD gains immediate access to a large European user base. It also provides infrastructure for secure token custody and compliance.
Experts note that stablecoins like EUROD are increasingly favored for payments and trading. The combination of regulatory compliance and euro backing may attract cautious investors.
By entering this market, ODDO BHF positions itself alongside emerging digital finance players. This move reflects banks’ growing willingness to adopt blockchain technology.
French banking giant ODDO BHF has announced the launch of its euro-backed stablecoin EUROD, marking its official entry into the cryptocurrency sector. The bank manages over €150 billion (approximately $173 billion) in assets. EUROD will debut on the Madrid-based crypto platform…
— Wu Blockchain (@WuBlockchain) October 15, 2025
EUROD Debut on Bit2Me Strengthens Bank-Crypto Links The Bit2Me platform is one of the largest crypto exchanges in the Spanish-speaking world. Listing EUROD there allows ODDO BHF to reach a diverse market quickly.
The exchange’s backing by major institutions ensures robust liquidity and credibility. Early access could encourage adoption among both retail and corporate users.
ODDO BHF’s entry into crypto highlights the trend of traditional banks exploring digital assets. By launching EUROD, the bank seeks to combine stability with blockchain innovation.
Analysts anticipate that the euro-backed token will provide an alternative to dollar-pegged stablecoins. The firm’s large asset base provides confidence in EUROD’s financial backing.
The launch also opens opportunities for cross-border transactions within the eurozone. EUROD can be used for payments, trading, and institutional treasury operations.
The token’s compliance with MiCA regulation ensures legal clarity. ODDO BHF’s initiative may inspire other European banks to explore stablecoins.
French banking institution ODDO BHF has recently launched a new euro-backed stablecoin, EUROD. The token will be listed on the Madrid crypto platform Bit2Me.
Summary
French banking giant ODDO BHF has launched its euro-backed stablecoin, EUROD, marking its first move into the crypto market. The launch comes amid a broader push by European banks to develop euro-pegged stablecoins to challenge the dominance of U.S. dollar tokens. According to a recent report by CoinDesk, the French banking giant has launched its own stablecoin pegged to the euro. The token will be dubbed EUROC and is set to be listed on the Madrid-based crypto exchange Bit2Me. The token is meant to be a “low-volatility” digital asset version of the euro that is compliant with the EU’s MiCA regulatory framework.
EUROD will be backed on a 1:1 ratio and is aimed at both retail and institutional users.
The move marks a significant step for the traditional financial institution, which manages more than €150 billion or approximately $173 billion in assets across Europe. ODDO BHF aims to provide a secure and regulated digital asset option for investors seeking stability within the volatile crypto market.
“The listing of ODDO BHF’s euro stablecoin is another important step in Bit2Me’s mission to offer trusted, regulated digital assets,” said Bit2Me CEO Leif Ferreira in a press release sent to CoinDesk.
Earlier this year, Bit2Me successfully raised €30 million or $35 million in an investment round led by the stablecoin issuer tycoon Tether. Through the listing of ODDO BHF’s EUROD, it hopes to narrow the gap between tradition finance and the crypto market.
ODDO BHF’s first venture into crypto The launch of the euro-backed stablecoin marks the first dive into the crypto space. The firm joins a number of financial institutions in Europe that have jumped on the stablecoin bandwagon. Earlier this month Societe Generale’s digital asset arm launched its U.S dollar-backed and euro-pegged stablecoins on Morpho and Uniswap.
As previously reported by crypto.news, SG-FORGE aims to position is stablecoins as options instead of replacements for fiat currency. The firm views stablecoins as regulated instruments meant for specific use cases.
On the other hand, nine European banks including UniCredit SpA, ING Groep NV, DekaBank, Banca Sella, KBC Group NV, and Danske Bank AS have teamed up with the intention of launching a joint-stablecoin venture powered by the euro. The token will also be MiCA-compliant.
A few days prior, Citigroup announced that it would be joining the consortium of nine banks to launch a euro-backed stablecoin.
The heightened interest surrounding euro-backed tokens is influenced by the need to challenge the U.S dollar’s domination in the stablecoin market. According to data from DeFi Llama, the number one stablecoin in the world by market cap is Tether’s USDT (USDT), with a market domination of 59.01%.
Meanwhile, euro-backed stablecoins only contribute around $573.9 million out of the total $306 billion stablecoin market cap. The largest euro stablecoin is Circle’s EURC (EURC) with a market cap of $266 million. In second place is EURS (EURS), followed by EUR CoinVertible’s EURCV (EURCV).
ODDO BHF aims to launch a new euro-backed stablecoin, joining the lineup of existing players | Source: CoinGecko
Bankinter has taken a minority stake in Spanish crypto exchange Bit2Me, joining a $33 million funding round that also included Tether.The investment strengthens Bit2Me's capital structure and supports its regulatory ambitions in Europe and Latin America, as it operates under the EU's new MiCA regulation, the exchange said.The deal marks another example of traditional banks collaborating with crypto firms, with Bit2Me already working with major Spanish financial institutions including BBVA, Unicaja and Cecabank.Spanish banking giant Bankinter has taken a minority stake in crypto exchange Bit2Me, joining a 30 million euro ($33 million) funding round involving Tether in August 2025.
The investment adds another traditional bank to Bit2Me’s growing list of backers, which already includes major local financial institutions including BBVA, Unicaja and Cecabank.
Bit2Me, headquartered in Madrid, is among the first firms registered under the EU’s new Markets in Crypto-Assets (MiCA) regulation, allowing it to operate across the entire European bloc. The company has positioned itself as a business-to-business gateway for banks seeking compliant access to crypto markets.
Bankinter said in a release that the deal is aimed at fostering “technological and knowledge-based synergies,” specifically in areas leveraging distributed ledger technology (DLT).
While exact terms weren’t disclosed, the agreement strengthens Bit2Me’s capital structure and adds weight to its regulatory ambitions in Europe and Latin America.
Over the past 18 months, Bit2Me has quietly embedded itself in traditional finance. It acts as a backend crypto service provider for Turkey’s Garanti BBVA, and jointly launched a custody and trading platform with Cecabank, according to documents shared with CoinDesk.
In a statement, Bit2Me CFO Pablo Casadío framed the Bankinter deal as a sign that banks are choosing collaboration over competition.
“This alliance confirms that the banking sector can leverage our deep industry know-how to enhance its offering. Instead of competing, we are integrating strengths,” Casadío said.
The firm’s ties to traditional financial institutions go deeper, however. In July 2024, Spanish bank Unicaja, through its investment arm Unicaja Ventures, acquired a stake of over 5% in the exchange and secured a seat on its board of directors.
PANews reported on January 14 that, according to CoinDesk, Spanish bank Bankinter has acquired a minority stake in local cryptocurrency exchange Bit2Me, participating in the exchange's €30 million funding round to be completed in August 2025. This round also included stablecoin issuer Tether.
Bankinter's move joins Bit2Me's growing group of bank shareholders, following support from major financial institutions such as Spain's BBVA, Unicaja, and Cecabank. Headquartered in Madrid, Bit2Me was one of the first companies to register under the EU's Crypto Asset Markets Regulation (MiCA), allowing it to operate throughout the EU.
Spain’s established bank, Bankinter, has ventured into the cryptocurrency industry by acquiring a minority stake in the crypto exchange Bit2Me, marking a significant step in the European financial realm. This investment was made as part of a 30 million euro funding round completed in August 2025, which also included the participation of Tether. Based in Madrid, Bit2Me distinguishes itself with the MiCA registration, allowing it to operate across the European Union, thereby strengthening its objective to bridge traditional banking and cryptocurrency infrastructures. This development exemplifies a shift in the banking sector’s approach toward cryptocurrency—moving from competition to collaboration.
Framework of the Bankinter–Bit2Me PartnershipBankinter’s announcement emphasized the goal of creating synergies focused on distributed ledger technology through this investment. While details on share percentages and financial terms remain undisclosed, the agreement bolstered Bit2Me’s capital structure and offered corporate support for its compliant growth strategy. Bankinter opted to collaborate with a licensed and regulated infrastructure provider rather than entering the crypto market directly.
The investment round has further diversified Bit2Me’s already strong investor base, which includes entities like BBVA, Unicaja, and Cecabank. This scenario illustrates how Spanish banks are approaching the cryptocurrency market with a controlled, partnership-based strategy.
Bit2Me’s CFO, Pablo Casadío, described the Bankinter investment as indicative of banks’ preference for integration over competition. According to Casadío, banks aim to swiftly develop their products and services by leveraging external technical expertise in the cryptocurrency sector.
MiCA, Corporate Infrastructure, and Regional ExpansionBit2Me ranks among the first companies to register under the European Union’s Markets in Crypto-Assets (MiCA) regulation. This status enables the company to operate with a single license across Europe, significantly reducing compliance risks for banks. The company positions itself more as a B2B gateway serving banks and financial institutions rather than individual investors.
Over the past 18 months, Bit2Me’s integration with traditional finance has markedly accelerated. The firm provides back-end crypto services for Garanti BBVA in Turkey and, in collaboration with Cecabank, has established a joint platform covering custody and trading infrastructure. These strategic moves are seen as concrete indicators of Bit2Me’s ambition for compliant growth in markets such as Latin America and Turkey.
In July 2024, Bit2Me secured an investment exceeding 5% through Unicaja Ventures and included a bank representative on its board, further solidifying its corporate legitimacy. From a European banking perspective, this scenario suggests a preference for partnering with licensed technology providers rather than entering the crypto markets as direct competitors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The VIX Fear Index for the US stock market stands at 18.63 today, with fear sentiment intensifying in the crypto market.
According to Cboe data, the U.S. stock market's VIX Fear Index stands at 18.63 as of today, down 0.86 points from the prior reading of 19.49, marking a decline of approximately 4.41%. Separately, per Alternative data, the Crypto Fear & Greed Index is at 12 today (compared to 17 yesterday), indicating intensifying extreme fear sentiment.
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Bankinter has joined the shareholder structure of Bit2Me after reaching an agreement to participate in the Spanish crypto firm’s €30 million funding round, originally announced in August. The investment positions Bankinter alongside leading strategic and institutional partners as Bit2Me accelerates its European and Latin American growth plans.
The move reflects Bankinter’s broader strategy of investing in technology-driven financial innovation, with a particular focus on distributed ledger technology (DLT) and regulated digital asset infrastructure. Through the partnership, both firms will explore technological synergies and knowledge-sharing opportunities.
For Bit2Me, the addition of Bankinter further strengthens its capital base following the receipt of its European regulatory licence in mid-2025, reinforcing its status as a regulated crypto infrastructure provider in the EU.
Takeaway
Bankinter’s investment signals growing alignment between traditional banks and regulated crypto firms, with collaboration replacing competition as institutions look to offer secure digital asset services.
Strategic Investment Focused on Technology and DLT The primary objective of Bankinter’s investment is to develop technological and knowledge-based synergies with Bit2Me. By taking a stake in the company, the bank positions itself alongside a domestic technology partner with deep expertise in blockchain and digital assets.
Bankinter has consistently used venture capital investments to anticipate shifts in the financial landscape, particularly in areas where regulation and technology intersect. The partnership with Bit2Me enables the bank to explore DLT-based solutions while leveraging Bit2Me’s established crypto infrastructure.
This approach reflects a broader trend among European banks, which are increasingly opting to collaborate with regulated fintech and crypto-native firms rather than build capabilities entirely in-house.
Fueling Bit2Me’s European and LATAM Expansion The investment comes at a pivotal moment for Bit2Me. Having obtained its European regulatory licence on July 29, the company is now positioned to scale its services across the EU under a harmonised regulatory framework.
Backed by strategic partners including Telefónica, Inveready, Investcorp, Tether, BBVA, Unicaja and Cecabank, Bit2Me plans to accelerate expansion throughout Europe while also strengthening its footprint in Argentina and other Latin American markets.
The reinforced capital structure supports Bit2Me’s ambition to consolidate its position as a leading crypto services provider in both Europe and the Spanish-speaking world, combining regulatory compliance with scalable infrastructure.
Banking and Crypto Converge Through Partnership Pablo Casadío, CFO of Bit2Me, said the agreement demonstrates how banks and crypto firms can integrate complementary strengths. He noted that financial institutions can leverage Bit2Me’s industry expertise to enhance their own offerings rather than compete directly.
According to Casadío, Europe now presents a favourable environment for regulated crypto adoption, and Bit2Me’s technological and regulatory foundations make it a natural partner for banks seeking to provide clients with secure access to digital assets.
For Bankinter, the deal reinforces its long-standing reputation as a digital pioneer in Spanish banking, while for Bit2Me it marks another step in bridging traditional finance and the crypto ecosystem under a regulated, collaborative model.
PANews reported on March 18th that, according to official sources, HTX DAO has recently launched a series of empowerment measures surrounding $HTX, covering multiple dimensions such as compliant market expansion, on-chain staking, trading application scenarios, and deflationary mechanisms, to enhance $HTX's positioning and long-term value in the new market cycle. Specifically, these include: On March 4th, $HTX officially launched on the European compliant trading platform Bit2Me, further broadening fiat currency access and user participation channels in Europe. On March 16th, HTX DAO launched the $HTX staking Beta version, allowing users to earn rewards through staking and participate in HTX DAO governance. The official version will subsequently launch an interest rate increase campaign, with a maximum annualized yield of 10%. Furthermore, starting April 1st, $HTX will become the only fee-deductible token on the Huobi HTX exchange, offering users a 25% discount when using $HTX to pay fees. On April 15th, HTX DAO will implement its Q1 2026 quarterly burn plan to continuously optimize the $HTX circulating supply structure. The ongoing implementation of multiple initiatives is gradually improving the collaborative system of $HTX in trading, governance, and supply mechanisms, providing multi-dimensional support for $HTX's value proposition in the new market cycle.
The VIX Fear Index for the US stock market stands at 18.63 today, with fear sentiment intensifying in the crypto market.
According to Cboe data, the U.S. stock market's VIX Fear Index stands at 18.63 as of today, down 0.86 points from the prior reading of 19.49, marking a decline of approximately 4.41%. Separately, per Alternative data, the Crypto Fear & Greed Index is at 12 today (compared to 17 yesterday), indicating intensifying extreme fear sentiment.
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According to HTX market data, the token M saw a sharp short-term price plunge, with its decline once exceeding 80% and hitting a low of around $0.5, and is now trading at $0.54.
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Whale 0xbilly pulled off another "buy high, sell low" move, exiting with a $220,000 loss in a single day.
According to EmberCN’s monitoring, whale address 0xbilly liquidated 2,409 ETH in the early hours of today when ETH fell to around $1,569.5, worth approximately $3.78 million, with a total loss of roughly $220,000. Notably, this batch of ETH was purchased just one day ago for about 4 million USDC, at an average price of approximately $1,660.2. The address also previously bought 7,768.5 ETH at a high of $2,254 in March this year, valued at around $17.51 million, and exited via stop-loss four days later, incurring a loss of roughly $800,000.
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Two whales opened a short position worth approximately $90 million on the S&P 500.
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PANews reported on May 9th that, according to CriptoNoticias, Spanish coffee chain Vanadi is caught in a "death spiral" a year after venturing into Bitcoin. The company transitioned to a Bitcoin treasury model in 2025 and currently holds 213 BTC, but suffered a loss of $7.8 million in 2025. To maintain operations, Vanadi has issued a large number of convertible bonds, converting them into shares at a 5% discount to the market price, causing its share price to plummet 74% this year and resulting in the issuance of 98.1 million new shares, severely diluting investors.
The company faces an emergency payment shortfall of €1.4 million and will need €65 million in financing in the coming months. Although it claims to hold 213 BTC, 61% (130.18 BTC) are locked up as collateral on the Spanish exchange Bit2Me, meaning the company has no control over them. Analysts believe that the viability of the institutional treasury model is questionable when there is no cash flow to support the debt.
PANews reported on June 11 that, according to PRNewswire, Spanish bank Cecabank has launched a crypto asset custody service for financial institutions, with Renta 4 Banco as its first client and Bit2Me as its partner. Cecabank provides the custody infrastructure, while Bit2Me provides the execution platform, liquidity, and market access. The service covers crypto asset services such as custody, order taking and transmission, and transfers. Cecabank was registered as a crypto asset service provider by the Bank of Spain in November 2024 and received its MiCA license in July 2025.
Spanish-based custodian bank Cecabank has announced the launch of its cryptocurrency custody service. The new offering was rolled out in partnership with Bit2Me, a prominent Spanish crypto platform. According to the company, Cecabank now manages assets totaling more than 400 billion euros as of early 2026.
Cecabank enters crypto custody after MiCA licenseWith this development, Cecabank joins a growing list of traditional European custodian banks moving into the digital asset space following the European Union’s Markets in Crypto Assets (MiCA) regulatory framework. The bank launched its crypto service after obtaining a MiCA license from Spain’s capital markets regulator CNMV in 2025, and has also registered with the European Securities and Markets Authority (ESMA).
Glossary: MiCA is a regulatory framework created by the European Union for crypto asset service providers. It aims to establish a more harmonized system for licensing, investor protection, and operational obligations across member states.
Bit2Me, reporting more than $280 million in daily spot trading volume according to CoinMarketCap data, has assumed both the role of technology partner and first client under the new arrangement.
Cecabank views its crypto custody service as a natural extension of its existing institutional operations and highlights that the system is built on the infrastructure already used by its corporate clients.
Service focused on institutional clients, not individualsCecabank does not offer services directly to individual customers. Instead, it operates as an infrastructure provider, supporting more than 100 financial institutions used by consumers with clearing, custody, and depository services. Its network spans over 70 international markets.
This strategic move represents not a retail product launch but rather strengthens cryptocurrency custody within the institutional financial ecosystem. While Cecabank is early to the space, it is by no means alone in its ambitions.
Banks are turning to crypto in the US and EuropeThroughout 2025 and into 2026, US banks have also started to move into crypto services. In July 2025, the US Office of the Comptroller of the Currency, the Federal Reserve, and the Federal Deposit Insurance Corporation jointly declared that nationally chartered banks could offer crypto custody services, provided they have adequate risk management and compliance frameworks in place.
According to data shared by financial services company River, 60% of the top 25 US banks have launched or publicly announced Bitcoin-linked products, which include custody, trading, and crypto-backed lending solutions.
Shahmir Khaliq, head of Citi’s securities services unit, stressed that establishing a crypto custody platform is now of critical importance. Meanwhile, major US banks like JPMorgan Chase and Wells Fargo are also among the institutions advancing their digital asset service offerings.
Competition intensifies among custodiansWith MiCA taking full effect in late 2024, European institutions like Cecabank have had an opportunity to secure an early foothold. The bank is expanding not just on the product front but geographically as well, opening a new office in Luxembourg, joining the Luxembourg Bankers’ Association (ABBL), and chairing its Depositary Cluster.
Competition in crypto custody is heating up. Standard Chartered has entered into an agreement to acquire digital asset custodian Zodia Custody. At the same time, Citi is building its own platform, and smaller US banks are partnering with fintechs to roll out Bitcoin services through mobile apps.
For Cecabank, the key question going forward is whether its institutional-focused business model, early adoption of the MiCA license, and presence in one of Europe’s leading fund centers will give it a lasting competitive edge.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
TLDR: Cecabank’s MiCA-regulated crypto custody platform is now live for key Spanish financial firms today. Renta 4 Banco is an early firm to use Cecabank’s new regulated crypto platform for client access. Bit2Me supports the platform with trading, liquidity, market access, and execution for client banks. Cecabank is seeking MiCA passporting in Ireland, Portugal, and Luxembourg to expand its reach in the wider EU market. Cecabank has launched a MiCA-regulated crypto custody platform for financial institutions in Spain, moving its digital asset project into live production. The platform brings Renta 4 Banco on as an early client and links traditional banking workflows with crypto trading infrastructure.
Cecabank will provide custody, banking, and technology services, while Bit2Me will manage trading, liquidity, and market access. The launch follows regulatory approval for custody, transfers, and reception and transmission of orders.
MiCA-regulated crypto custody reaches Spanish institutions The MiCA-regulated crypto custody service is designed for banks, brokers, and wealth managers. Cecabank said the platform extends its traditional custody and post-trading model into digital assets. That gives institutions a route to offer crypto services without having to build every component internally.
Renta 4 Banco is the launch client for the service. The Spanish investment and wealth management bank is using the platform as it develops its own crypto trading offering for customers. Cecabank said the model gives clients an end-to-end framework for trading and custody.
The infrastructure was built through a partnership with Bit2Me, first announced in May 2024. Cecabank contributes securities services experience, compliance processes, and secure custody infrastructure. Bit2Me adds exchange technology, market access, liquidity, and execution services.
The setup covers the main parts of the crypto service chain. It includes real-time market data, advanced execution, secure custody, and operational support.
Cecabank said the goal is to reduce complexity for financial firms entering the digital asset space.
Arrancamos nuestro servicio de custodia de criptoactivos para entidades financieras, acompañando a @Renta4 en el desarrollo de su oferta de compraventa de #ActivosDigitales.
Un paso más para acercar la banca tradicional y el ecosistema cripto bajo los más altos estándares de… pic.twitter.com/s9NnNIPzAT
— Cecabank (@Cecabank_es) June 10, 2026
Cecabank expands crypto asset services across Europe Cecabank said its authorization allows it to provide custody, transfers, and order reception and transmission services.
The license places the MiCA-regulated crypto custody platform inside Europe’s new crypto regulatory structure. Moreover, the bank is registered with the Bank of Spain as a crypto-asset service provider.
The group has started the European passporting process under MiCA.
Cecabank wants to extend its crypto asset services into Ireland, Portugal, and Luxembourg. That move could make the platform available to more financial institutions outside Spain.
At launch, Cecabank plans to support major cryptocurrencies and stablecoins that fit European regulatory standards. The stablecoin component is important for banks watching settlement, liquidity, and payment use cases.
MiCA has created a clearer path for regulated stablecoin activity in the region.
Aurora Cuadros, corporate director of securities services at Cecabank, said the bank is taking a natural step from traditional custody into digital assets.
She said the MiCA-regulated crypto custody model helps institutions such as Renta 4 Banco offer crypto trading with stronger operational guarantees.
Bit2Me said the launch supports integrating institutional crypto infrastructure into banking workflows. Gabriel Ayala, director of banking solutions at Bit2Me, said the service demonstrates how regulated crypto access can fit within traditional financial systems.
The rollout adds to Spain’s growing bank-led crypto market. For instance, BBVA has explored Bitcoin and Ethereum trading and custody through infrastructure managed directly by the bank.
