Spanish cryptocurrency exchange Bit2Me said it bought blockchain and crypto-focused software development company Dekalabs for an undisclosed amount.

The acquisition will enhance Bit2Me's position in helping companies and institutions build tools on cryptocurrency and blockchain protocols such as Bitcoin and Ethereum, the firm said in a Monday email.

Bit2Me did not say how much it paid for the company and had not responded to CoinDesk's request for details by press time.

Bit2Me, the first firm to be licensed by the Bank of Spain as a provider of crypto services, said in July that it had reached agreements on three acquisitions, including a 90% stake in a Latin American exchange and the purchase of a fintech company and software developer, the identifies of which were not disclosed.

CEO Leif Ferreira said at the time that the company planned to add 250 employees, despite the onset of challenging conditions in the crypto industry. “In a context of many layoffs, now is the time to hold and build,” he said.. “Crypto is not going to stop, no matter how much prices have fallen.”

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