Crypto Exchange Bit2Me Completes The Acquisition Of Dekalabs
- A Spanish crypto exchange recognized by the Bank of Spain as a provider of virtual currency services, Bit2Me, has completed the acquisition of Dekalabs, a software development firm.
- Dekalabs will remain autonomous following the acquisition while the services provided by the software firm will strengthen Bit2Me’s services for private companies and public institutions.
- The previous director of operations at Dekalabs, Sandra García, will be leading the software firm and its former CEO, David Ortega, will become president and director of innovation at Bit2Me.
Popular crypto exchange Bit2Me has confirmed the acquisition of Dekalabs, a benchmark software development firm in the banking sector, cryptocurrencies, Web3 and blockchain, in Spain. Interestingly, the crypto exchange has been recognized by the Bank of Spain as a provider of virtual currency services, which means that the firm might be expanding its services further in the transcontinental country.
Additionally, as per a statement, Dekalabs will remain autonomous following the acquisition while the services provided by the software firm will strengthen Bit2Me’s services for private companies and public institutions. Interestingly, the release also confirmed that Dekalabs will continued to will continue to work and develop projects as a software development studio for other companies.
“We want Dekalabs to continue to operate autonomously, as it has been doing these past few years. With this acquisition, we want Dekalabs to take full advantage of the opportunities we see daily at Bit2Me. I think that together with Dekalabs, we can make many companies integrate into the cryptocurrency industry,”
said Leif Ferreira, the CEO of Bit2Me.
The previous director of operations at Dekalabs, Sandra García, will now be responsible for leading the software-focused firm following the acquisition and the firm’s former CEO, David Ortega, will become president and director of innovation at Bit2Me. This shift of operations however, will not produce any effect on the day-to-day activities at Dekalabs.
Interestingly, the CEO also pointed out that this acquisition deal shows the “strength and commitment of Bit2Me with the crypto ecosystem and with any company that wants to enter this market.”
The deal has been confirmed at a time when many crypto exchanges are having severe cash flow troubles and many firms have also declared bankruptcy. It is also crucial to note that some of the mentioned firms have millions to pay to their creditors let alone think about an acquisition deal. It seems that Bit2Me is one of the profitable exchange along with FTX and Binance which also continue to expand in the bearish crypto market.
Recently, Binance became the entity with the second-highest voting power in the Uniswap community while Binance Pool, , a platform dedicated to improving the income of miners, announced a $500 million project to support the crypto mining industry.
“Dekalabs’ integration in Bit2Me is the irrefutable validation of the good work we have been doing in the company. A work that I believe will improve even more thanks to the knowledge that Bit2Me has of the world of cryptocurrencies and regulatory and legal compliance,”
said founder of Dekalabs, David Ortega.
A crypto journalist with over 3 years of experience in DeFi, NFT, metaverse, etc. Parth has worked with major media outlets in the crypto and finance world and has gained experience and expertise in crypto culture after surviving bear and bull markets over the years.
