Jamie Crawley is a CoinDesk news reporter based in London.

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.”




DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.