Spain’s largest cryptocurrency exchange, Bit2Me, recorded €5.3 billion (approximately $6.24 billion) in trading volume in 2025, marking an eightfold increase since 2023. The surge reflects the company’s strategic transition from a retail-focused crypto platform to a key provider of blockchain infrastructure for banks, financial institutions, and law enforcement agencies.
Bit2Me’s business-to-business (B2B) revenue has grown significantly, rising from 18% of total revenue in 2023 to 27% in 2025. One of its fastest-growing segments is crypto-backed loans, which climbed 672% year-over-year. According to CFO Pablo Casadio, the crypto industry is entering a new phase centered on financial infrastructure, and Bit2Me is positioning itself to capitalize on that shift.
Backed by major institutions including Bankinter, Unicaja, Cecabank, Telefónica, and Tether, the exchange generated $25 million in revenue last year. A major contributor was its API solution, which enables banks and institutions to outsource cryptocurrency trading, custody, and compliance operations. Cecabank has already integrated Bit2Me’s infrastructure to deliver digital asset services to regional banks, complementing a liquidity partnership involving BBVA’s Turkish subsidiary, Garanti BBVA Kripto.
Bit2Me became the first Spanish crypto exchange to secure an EU Markets in Crypto-Assets (MiCA) license, investing 3,000 hours and €2.5 million in regulatory compliance. Although this temporarily pushed EBITDA into negative territory, the license has strengthened its credibility and supports expansion plans into Portugal, Italy, France, and Germany. The company is also evaluating opportunities in the U.S. and Middle East markets.
In addition, Bit2Me serves as a crypto liquidation partner for the Spanish government, converting seized digital assets into euros. In 2025, it processed €1.5 million in confiscated cryptocurrency in collaboration with Interpol, Europol, and Spanish police, using Chainalysis for blockchain traceability. This direct liquidation model mirrors the U.S. Marshals Service’s arrangement with Coinbase, further solidifying Bit2Me’s role in regulated crypto infrastructure.
