Huobi Ventures, the global investment arm of the Huobi Group, today announced a strategic alliance with Bit2Me, Spain’s leading technology financial services provider based on cryptocurrency. Building on this strategic partnership, Huobi Ventures will purchase tens of millions of B2M, to fund the company’s future expansion plans. The two parties will explore and implement long-term cooperation opportunities, take advantage of Huobi’s advanced technology and resources and expand its reach into Spanish-speaking markets around the world.
Huobi Ventures’ investment comes on the heels of Bit2Me’s €20 million initial coin offering of Bit2Me in late September, and reflects Huobi’s interest in targeting Spanish-speaking markets around the world, which have more than a population of 500 million people. As a growing cryptocurrency company in Spain, Bit2Me offers more than 20 solutions for buying, selling and managing virtual currencies and the euro on a single platform. Bit2Me also plays an important role in increasing the adoption of cryptocurrencies in the Spanish-speaking markets; Your Media, Bit2Me TV, Bit2Me News, Bit2Me Agenda, Bit2Me AcademyIt aims to educate the next generation of cryptocurrency investors. Bit2Me has managed operations worth over €1,500 million since its inception in 2015.
“Bit2Me has a bright future. The company shares our vision of increasing cryptocurrency adoption globally, and we firmly believe that it will become a leader in crypto products and services in the Spanish-speaking world,” said Yunica Yen, Director of Strategic Investments at Huobi Ventures. “We plan to partner with Bit2Me on investments, management and technology, and look forward to continuing to explore more win-win opportunities in the future.”
To date, Huobi has invested more than $70 million in hundreds of projects in blockchain, media, public blockchain, stablecoins, and other emerging sectors. Huobi Ventures invests in projects that have the potential to impact the broader blockchain industry, and can complement Huobi’s growing global ecosystem.