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Bit2Me, the largest cryptocurrency exchange in Spain, is carving out a niche that most exchanges would rather avoid: working directly with cops. The platform has been acting as a direct liquidator of confiscated digital assets for law enforcement agencies including Interpol, Europol, and Spanish national police, converting seized crypto into fiat currency using blockchain analytics tools from Chainalysis.
So far in 2025, the exchange has processed approximately 1.5 million euros (roughly $1.76 million) in confiscated cryptocurrency on behalf of those agencies.
From retail exchange to government contractor
Bit2Me’s law enforcement work is part of a broader strategic shift that’s transforming the company from a retail-focused trading platform into a B2B infrastructure provider serving banks, institutions, and government entities.
The numbers tell the story. B2B revenue now accounts for 27% of Bit2Me’s total revenue in 2025. Trading volume hit 5.3 billion euros ($6.24 billion) this year, an eightfold increase from 2023 figures.
The exchange supports over 300 digital assets and offers institutional-grade custody services backed by 150 million euros in insurance coverage from Lloyd’s. Its investor roster includes Tether, Spanish bank Bankinter, and telecom giant Telefónica.
Bit2Me reportedly invested roughly 2.5 million euros and approximately 3,000 hours of work to secure its Markets in Crypto Assets (MiCA) license from Spain’s securities regulator, the CNMV. That made it the first platform in the country to receive a Crypto-Asset Service Provider (CASP) authorization under the new European framework, which covers custody, exchange, and transfer services.
The Chainalysis connection
Bit2Me’s ability to trace and liquidate seized assets rests heavily on its partnership with Chainalysis, the blockchain analytics firm. The two companies have worked together since the early 2020s, with Chainalysis providing the transaction monitoring and tracing capabilities that make compliance and law enforcement cooperation technically feasible.
The model has a clear parallel in the US, where the Marshals Service partnered with Coinbase to handle the custody and potential liquidation of seized digital assets.
MiCA as competitive moat
MiCA, which began rolling out across the European Union in 2024, creates a harmonized regulatory framework for crypto-asset service providers across all 27 member states. An exchange licensed in one country can passport its services across the bloc. Bit2Me has already signaled plans to expand into Portugal.
What this means for the broader market
Bit2Me’s pivot highlights a trend reshaping crypto infrastructure throughout 2025: the professionalization of exchange services beyond simple buy-and-sell functionality.
The 27% B2B revenue share suggests that Bit2Me is successfully diversifying away from volatile retail trading fees. The involvement of backers like Bankinter and Telefónica signals that legacy institutions are making calculated bets on regulated crypto infrastructure connecting digital assets to existing financial and legal systems.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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