Spain’s largest cryptocurrency exchange, Bit2Me, moved 5.3 billion euros (around $6.24 billion) in trading volume in 2025, an eightfold jump since 2023, as it shifted from a consumer-facing platform to backend infrastructure for banks and law enforcement.

That volume was accompanied by growth in business-to-business revenue, which jumped from 18% of the total in 2023 to 27% in 2025. Crypto-backed loans, a relatively new offering, rose 672% in a single year, with the company’s CFO, Pablo Casadio, saying he sees the crypto industry entering a financial infrastructure phase that the company is taking advantage of, given its backing.

The exchange, backed by various banks including Bankinter, Unicaja, and Cecabank as well as telecom giant…