- Huobi Ventures, the investment arm of Huobi Global, acquires tens of millions of B2M.
- Huobi Global, listed on the Hong Kong stock exchange, is the world’s sixth-largest exchange and thus becomes a Bit2Me partner.
- The strategic alliance will be long-term and will allow both companies to expand faster.
- Both exchanges will explore ways of collaboration to share knowledge, resources and contacts.
Madrid, January 19, 2022 — Huobi Ventures, the investment arm of Huobi Global, one of the world’s leading exchanges, and Bit2Me, the Spanish platform for cryptocurrency-based financial technology services, have reached a strategic agreement to strengthen their expansion. Under this alliance, Huobi Ventures has acquired tens of millions of B2M, the utility token developed by the Spanish company, thus providing full long-term support and confidence to Bit2Me. The agreement opens the door to new collaborations and opportunities thanks to the combined strengths of both corporations.
The Asian cryptocurrency exchange, Huobi Global, is aware of Bit2Me’s leading position in Spain and its expansion in Latin America, which it sees as an opportunity to expand its reach in different markets. For its part, Bit2Me obtains the confidence of what is currently the sixth-largest exchange worldwide and opens the door to the company’s expansion in Asia.
Both exchanges will explore ways of collaboration to share knowledge, resources and contacts in order to grow hand in hand. The agreement entails the guarantee of long-term maintenance of the tokens acquired by Huobi Ventures.
“Bit2Me has a bright future ahead. We firmly believe it will become a leader in crypto products and services in the Spanish-speaking markets,” says Unica Yin, Director of Mergers and Acquisitions at Huobi Ventures.
Koh Onozawa, CEO of B2M at Bit2Me, thanked the Asian company for its confidence in Bit2Me. “We thank Huobi Ventures for the trust it has placed in Bit2Me. We’re proud to have it join us on our journey to the top of the cryptocurrency industry.”
Benefits of B2M
On November 1, B2M, the utility token developed by the Bit2Me team, began its journey in the crypto market.
Prior to its market launch, Bit2Me conducted an ICO (Initial Coin Offering) between August and September of this year in which it raised €20 million with B2M. More specifically, it raised €2.5 million in an initial private round in early September, while the other €17.5 million was raised in three phases executed in September. This €17.5 million was closed in less than three minutes, which is a milestone for the Spanish cryptocurrency sector.
B2M grants various advantages to its holders. In addition to bonuses of up to 90% on transactions within Bit2Me, B2M will offer reimbursements for purchases made with the Bit2Me Card in its partner network, as well as the possibility to participate in consultations on future features of the platform and priority access to new services launched by the platform, among other aspects.
The platform has a highly qualified staff of more than 140 people, led by Leif Ferreira, founder and CEO of the company, and Andrei Manuel, co-founder and COO of Bit2Me. In recent months, the team has been reinforced with the addition of Zeeshan Feroz, former head of all Coinbase operations outside the United States. Also joining the team are Baldomero Falcones, former president of Mastercard International, former chairman and former CEO of the construction company FCC, and COO of Banco Santander; Rodolfo Carpintier, entrepreneur and key Internet figure in Spain; Pablo Casadio, investor with over 20 years of multinational experience in various fields of FPA & BD at the Otis Group, FSO at E&Y and Capital Markets at PWC; and Koh Onozawa Martinez, investor and advisor to renowned startups in Europe and the US, which has been included on Forbes ’30 Under 30 Asia’ list and was also a finalist of the EY Entrepreneur Of The Year 2015 Awards. Onozawa is a partner and chief investment officer of Bit2Me.