The Spanish crypto exchange player Bit2Me says that it has launched an API for banks and companies looking to get into the crypto space.
An API is an Application Programming Interface, in essence, a software-based intermediary platform that lets two applications communicate with one other. For instance, a crypto exchange’s API could allow the trading platform’s app to “talk” to a banking app – or vice versa.
In a press release shared by Bit2Me on Twitter, the exchange explained that the API would effectively allow banks “to offer the purchase and sale of [cryptoassets] to clients without the need to create an exchange” of their own.
The service, the company said, has been “specially designed for regulated entities” – and traditional banks in particular. But the firm added that its new service “can also be used by other businesses,” including regulated neobanks, fintech companies, or government-run public institutions who “wish to start engaging in the “exchange, sale, and custody of...
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