Tether-backed crypto exchange is ditching the 'retail' label to build the secret plumbing for Europe's biggest banks

• Bit2Me pivots from consumer platform to B2B crypto infrastructure, boosting trading volume to €5.3 bn. • Trading volume surged eightfold from 2023 to 2025, reflecting rapid market adoption. • B2B revenue rose from 18% to 27% of total, driven by institutional demand. • Crypto‑backed loans grew 672% in one year, signalling a new financial infrastructure phase. • The exchange secured an EU MiCA license and is expanding into Portugal, Italy, France, and Germany. • Backed by banks like Bankinter, Unicaja, Cecabank, Telefónica, and Tether, Bit2Me earns $25 M revenue.

Article Summaries:

• Spanish crypto exchange Bit2Me, backed by Tether and several banks, has pivoted from a retail platform to a backend infrastructure provider for Europe’s largest banks and law‑enforcement agencies. The company secured its first EU MiCA license after spending 3,000 hours and €2.5 million on regulatory compliance, enabling it to expand into Portugal and Italy, with plans for France and Germany. Trading volume surged eight‑fold to €5.3 billion in 2025, while B2B revenue rose from 18 % to 27 % of total. Bit2Me also offers an API that lets institutions outsource crypto operations and has processed seized crypto for the Spanish state, converting it into fiat.

Sources:

• https://www.coindesk.com/business/2026/02/23/tether-backed-crypto-exchange-is-ditching-the-retail-label-to-build-the-secret-plumbing-for-europe-s-biggest-banks