Bit2Me has just launched Bit2Me Crypto API, a product for other companies to use Bit2Me’s infrastructure and operations to implement white-label cryptocurrency and Web3 services quickly, securely and in compliance with regulations.
Bit2Me Crypto API is designed especially for regulated entities, a sector that includes traditional banking. However, other businesses such as neobanks, fintechs, startups, and even public institutions and governments wishing to start trading, buying, selling, and holding cryptocurrencies can also use this new service.
Gabriel Ayala, Managing Director Crypto API, believes that with this new service, banks can offer their customers trading of cryptocurrencies such as Bitcoin or Ethereum without worrying about the complexity of setting up an exchange infrastructure.
“Bit2Me Crypto API allows them to quickly, securely, and easily offer a highly demanded service. For example, a bank could provide crypto services to its customers overnight and, therefore, open a new business line that can benefit both its accounts and users,” says Ayala.
Bit2Me Crypto API is a new product of the Bit2Me solutions ecosystem integrated into its business-to-business (B2B) services area. This new business area launched by Bit2Me in 2021 complements the Spanish exchange’s current offering for individuals.
Joao Augusto, Chief Compliance Officer at Bit2Me, maintains that Bit2Me is a compliance-focused company. “That has been the case since our birth almost ten years ago. And it is why we are in Spain and not in a tax haven like our competitors. That is key for the compliance team of a bank or institution to accept to work with us. Today Bit2Me is your best ally, as there is no other company on European and Latin American soil with so many different products and with such a wide range of experience thanks to its more than 300 high-level professionals”.
For Leif Ferreira, CEO of Bit2Me, “this product has been launched following Telefónica’s announcement of a major investment in Bit2Me. This marks a big milestone for the blockchain technology industry, as it is the first time in history that a multinational telecommunications company becomes a shareholder of a crypto exchange“.
Bit2Me CryptoAPI offers multiple modules that allow companies to tailor the product to their specific needs. Firstly, Data, a service that provides companies with real-time cryptocurrency market information and a view of historical price data. And then Trade, a service that allows companies to offer their clients more than 180 cryptocurrencies to trade.
Bit2Me Crypto API customers can also use Earn, a service that facilitates staking operations and obtaining crypto rewards. Lastly, Bit2Me Crypto API offers a cold wallet cryptocurrency custody module.
For Andrei Manuel, Chief Operating Officer and Founder of Bit2Me, “it is essential to have a team of professionals minimizing any error and offering a series of Web3 products of the highest quality and security 24 hours a day. That is why we have launched Bit2Me CryptoAPI, a service that will redefine traditional businesses and create new use cases that would be impossible without blockchain technology. I believe that new large business conglomerates are on the verge of emerging thanks to this new technology.”