- Bit2Me and Cecabank launch a MiCA-compliant crypto platform for EU banks.
- The platform offers secure crypto custody, trading, and order transmission services.
- Cecabank brings regulatory expertise, while Bit2Me handles crypto market operations.
In a significant move towards integrating traditional finance with the digital asset world, Spanish Cecabank and crypto exchange Bit2Me have joined forces to launch a new crypto platform designed specifically for European banks. Although the platform is working properly and complies with MiCA regulations, it is still under review and must receive regulatory clearance from Spain’s securities watchdog, the CNMV.
Bit2Me and Cecabank Partner to Simplify Crypto for Banks
By using this new platform, banks can provide their clients with secure and simple crypto services such as holding and transferring cryptocurrencies (RTO). For customers, Bit2Me looks after buying and selling activities, sends up-to-the-minute exchange data, and securely stores cryptocurrency in cold storage. In addition, Cecabank provides banking skills developed over the years, top-notch technology, and powerful knowledge of regulations to the corporation.
The goal is to make it easy for banks to launch crypto services in compliance with MiCA, the new EU rules. With this regulation in place, Europe’s crypto market will become safer and clearer for both banks and their users. Using its platform, traditional and digital banks are able to easily access the world of crypto.
The platform from Bit2Me offers both liquidity and flexibility so that users can feel secure as they buy, sell, and exchange many digital currencies. In addition, it keeps users’ assets protected by saving them in cold storage wallets off the internet. Thanks to Cecabank, the rules and risk monitoring remain secure, ensuring loyalty from users.
Aurora Cuadros, in charge of Securities Services at Cecabank, pointed out the significance of the collaboration with FinTech. He stated that this partnership gives Cecabank a strong spot as a post-trade leader in digital assets, using their experience with fiat custody.
New Platform Bridges Traditional Finance and Crypto Innovation in EU
Notably, this launch comes as major banks and financial companies are seriously considering including digital assets in their services. According to Leif Ferreira, CEO and co-founder of Bit2Me, the arrival of banks in the cryptocurrency market won’t happen until 2025. According to Abel Peña, Chief Sales Officer at Bit2Me, roles played by traditional banks are key to creating more widespread use of digital currencies.
Because of MiCA, the EU has put in place the needed laws for digital assets to become part of the regulated financial system. This shows that when partners work together on innovation, regulatory understanding can guide the creation of safe, compliant, and enjoyable financial services.
When regulatory approval is granted, the platform will enable banks in the European Union to deal with cryptocurrencies and provide related services to clients. This move helps finance continue to improve by mixing the security of old banking with the innovative features of blockchain.
Overall, the Bit2Me and Cecabank crypto platform brings together traditional finance and digital technology. With security, adherence to regulations, and ease of use as its main aims, Centralized Crypto brings about a wave of crypto adoption among European financial institutions.
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