Cecabank and Bit2Me Form Strategic Crypto Alliance
Cecabank, a Spanish bank, has partnered with crypto exchange Bit2Me to introduce a MiCA-compliant crypto solution for the banks and other financial institutions. The initiative is designed to facilitate and accelerate access to the crypto space for traditional players, combining Cecabank’s infrastructural and regulatory expertise with Bit2Me’s digital asset expertise.
A Platform Ready for MiCA, Pending CNMV Approval
The new platform—technologically prepared but not yet approved by Spain’s CNMV securities regulator—will offer custody and RTO (reception and transmission of orders) services. Bit2Me will manage crypto trading, market data, and custody of over 100 digital assets, while Cecabank will provide banking and regulation solutions.
Solutions Tailored to Europe’s Banking Market
As the firms described, the platform would be MiCA compliant with European regulations. It allows banks to integrate crypto services suitable for regulatory climates and created specifically for institutional purposes.
said Aurora Cuadros, corporate director of securities services at Cecabank, “With this alliance, Cecabank strengthens its positioning as a leading provider of post-trade solutions for digital assets, backing our entrenched position in FIAT custody.”
BBVA Enters Crypto Business Too
Cecabank is not alone in joining the crypto train. Spain’s second-largest bank, BBVA, is to unveil its own crypto trading platform, offering Bitcoin and Ethereum products. BBVA will have direct custody, allowing clients to trade with crypto within the bank’s digital space without a third party.
A Trend of Rising Institutional Crypto Adoption
The alliance marks a growing inclination of European banks to adopt the evolving world of digital assets in clear-cut regulatory guidelines. Ahead of enforcement of MiCA, strategic partnerships like those of Cecabank and Bit2Me can pave the way for further institutional adoption of cryptocurrencies.
