Spanish bank Cecabank launches crypto custody for institutions

Spain's Cecabank has announced the launch of a cryptocurrency custody service for local financial institutions. The service will initially be offered to Spanish investment bank Renta 4 Banco, with trading and transaction execution managed by Bit2Me, a firm compliant with the European Union's Markets in Crypto-Assets (MiCA) regulation. Cecabank also plans to expand the service to neighboring European countries in the future.