When you deposit euros on a regulated platform, that money doesn’t disappear into a black box. European regulation is very specific about what happens to it, who can touch it, and who owns what it generates.
This article explains exactly that.
What MiCA requires regarding the custody of funds
The MiCA Regulation — the European regulatory framework under which Bit2Me operates as a crypto-asset service provider authorised by the CNMV — establishes that client euro funds must be held in segregated omnibus accounts at a supervised credit institution.
This has a concrete implication: your money is not mixed with Bit2Me’s capital. It remains separate, identified as client funds, at a custodian bank.
The ESMA — the European Securities and Markets Authority — has gone further in its asset safeguarding guidelines: the interest generated by the custodian bank on those balances belongs to clients, not to the service provider managing the custody.
Where the interest comes from
The custodian bank where euro balances are deposited pays interest for holding those funds. This is the standard operation of any bank deposit.
That interest is generated by your money. And in accordance with the current regulatory framework, it belongs to you as the legitimate holder of those funds.
At Bit2Me, that interest is passed on to you in full, proportionally to your balance, without Bit2Me retaining any margin on it.
The interest rate is set by the custodian bank, not by Bit2Me, and may vary depending on market conditions. It is not a return that Bit2Me promises or manages: it is the interest the bank pays and which, by regulation and fiduciary duty, is passed on to the rightful recipient.
How it works in practice
The calculation is proportional and daily. Each client receives the share of the interest generated that corresponds to their portion of the total assets under custody, based on the following logic:
Assigned interest = Daily interest generated × (your balance / total balance of all clients)
The result: 100% of the interest received on the deposit reaches users automatically, without you having to do anything.
You don’t have to do anything
There is no need to convert your euros into any cryptocurrency. There are no products to activate, funds to lock, or terms to respect.
Your balance remains in segregated custody, available whenever you need it. The interest generated by that custody is distributed proportionally and continuously.
What this is not
We want to be precise, because in financial services, precision protects.
This is not a remunerated account. It is not a term deposit or an investment product. There is no guaranteed interest rate. The rate is determined by the custodian bank and may vary.
It is, simply, the transfer of what the regulatory framework establishes as belonging to you.
Why this matters now
The effective application of MiCA across the EU has put the spotlight on how crypto-asset service providers manage client funds. ESMA’s guidelines — in particular Q&A 2486 — have clarified the treatment that must be given to interest generated in custody.
Bit2Me operates as a CASP authorised by the CNMV under this framework and applies its requirements in the management of client balances.
Do you have questions?
If you would like to better understand how segregated custody works under MiCA, or any other aspect of the management of your euro balance, the following are available to you:
- The Bit2Me support team, available 24 hours in English
- Bit2Me Academy, with free guides on European regulation and asset custody
The interest passed on comes from that paid by the custodian credit institution on client balances, in accordance with MiCA Regulation (EU) 2023/1114. The interest rate is determined by the custodian credit institution and is subject to variation in line with market conditions. Bit2Me does not guarantee any return. Investment in crypto-assets is not fully regulated, may not be suitable for retail investors due to its high volatility, and there is a risk of losing all amounts invested.
BITCOINFORME, PSC, S.L., trading under the commercial name BIT2ME, is a crypto-asset service provider authorised and regulated by the Comisión Nacional del Mercado de Valores (CNMV) in Spain, in accordance with Article 59 of Regulation (EU) MiCA.
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