Spanish Crypto Startup Bit2Me to Make Three Purchases and Welcome 250 Employees

The Spanish-based cryptocurrency exchange Bit2Me has recently announced that it would be adding 250 new workers to its team, following the recent crypto market downturn.

According to Leif Ferreira, CEO, and co-founder of Bit2Me, the startup will double its headcount in the next upcoming 12 months, noting “that in a context of many layoffs, now is the time to hold and build. Crypto is not going to stop, no matter how much prices have fallen.”

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On top of that, the CEO noted that the firm would be acquiring two undisclosed Spanish entities, including a software developer and a fintech. Bit2Me is also planning to acquire a 90% stake in a Latin American exchange. More information regarding the acquisition is expected to arrive later this year.

Ferreira also implied that the company might be looking for a strategic partner to receive some additional funds for its upcoming purchases and hiring processes. He added:

“It is not something we need or want to close immediately. We are open to a strategic partner coming in. It is not an obsession for us.”

Earlier this year, the Bank of Spain granted Bit2Me its first license, making the latter an “official provider of services for the exchange of virtual currency for fiat currency,” as well as the custody of digital wallets.

Bit2Me, specializing in blockchain technology and founded in 2014, currently operates in Italy, France, Brazil, Peru, and Portugal, having over 600k users. Throughout its course, the organization has also achieved a number of accomplishments, winning Visa’s worldwide competition dubbed Fintech America and CaixaBank's "Best Spanish startup 2015" title.

The price of Bit2Me’s native token B2M has increased 0.63% in the past 24 hours and now sits at $0.01.

In fact, Bit2Me joins a rather small list of crypto-driven companies welcoming new employees amid the current crypto bear market where numerous firms, on the contrary, are laying off their workers.

Earlier in June, the world’s largest crypto exchange Binance mentioned that it would be filling up its team with 2000 additional employees, with the company’s CEO Chengpeng-Zhao (CZ) noting that the bear market is the best “time to bring on top talent.”

Likewise, Binance’s rival Kraken has also recently announced that it would be increasing its headcount by hiring 500 more workers.

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