Cecabank Partners with Bit2Me to Offer Crypto Services to Banks

Spanish banking giant Cecabank has officially teamed up with crypto exchange Bit2Me to launch an all-in-one platform that offers crypto services to traditional financial institutions. With this, Cecabank cements itself as one of the leading adopters of digital assets in Spain and Portugal.

Inside the CecaBank-Bit2Me partnership

The new solution developed by Cecabank and Bit2Me will offer real-time access to the crypto market, provide custody services, and provide a trading engine with over 100 assets available, as well as support full trade execution. Through their partnership, Bi2Me will provide trader routing and trade execution services, while Cecabank will ensure compliance, operational security, and asset custody.

Both companies reached an agreement in May 2024 to accelerate widespread adoption of digital assets in banking and the corporate world. Fast-forward to today; their joint platform is complete and awaits final clearance from the Spanish Securities Market Commission (CNMV).

According to Cecabank’s Aurora Cuadros, director of Securities Services, “With this alliance, the bank consolidates its reference roadmap as a supplier in services of post-contracting in the field of digital assets, in a way equivalent to what already happens in the universe of FIAT with the traditional custody.”

Why Cecabank’s entry to crypto matters

Cecabank is one of the key custody banks in Spain and Portugal, with over $350 billion worth of assets under custody. Its alliance with Bit2Me adds credibility to the institutional adoption of crypto in Spain.

Moreover, the Spanish bank will integrate Bit2Me’s infrastructure, including its liquidity options and cold wallet storage. This partnership could become a blueprint for other institutional adoption of crypto in Spain, showing banks a reliable way to offer crypto to their clients.

The partnership is also notable since Bit2Me is a reputable exchange in Europe, known for its compliance and transparency. With both platforms fully aligned under MICA (Market in Crypto Asset) laws, the new platform could play a key role in catering to institutional clients.

Institutional adoption increases globally

Interestingly, other global institutions are also moving in this direction, striking partnerships with digital asset platforms. In the U.S., for example, major banks have begun exploring a partnership to launch a stablecoin. While no official announcements have been made, the move signals the growing desire of banks to stay relevant in the evolving payment market.

More traditional institutions could adopt digital assets as policies become clearer in regions such as Europe. In a press release shared on Monday, May 26, Bit2me’s co-founder, Leif Ferreira, notes that “2025 marks a turning point for banks to begin offering crypto trading services.”

With major names like Cecabank adopting crypto, Spain could easily emerge as a key player in regulated digital finance. The country’s clear stance on MiCA, combined with a supportive environment for public-private partnerships, could set the pace for more institutional adoption of crypto.