A Spanish cryptocurrency ATM, Bitbase, plans to continue growing its services next year. Bitbase received investments from two Web3-based decentralized companies, Woonkly and Dextools, and it aims to install 200 cryptocurrency ATMs in Spain. Additionally, Bitbase is working to be licensed to operate in countries like England, Italy, Netherlands, German, and Latam countries such as Venezuela.
Expansion Into European and Latam
Bitbase revealed in a press release that the firm plans to grow its services by installing crypto ATMs and offices in several European nations. Moreover, the firm disclosed that it is looking for licenses to grow into regions like Germany, England, Italy, and the Netherlands. The company also aims to install 100 more ATMs in Spain to reach a goal of 200 by the end of this year.
“We are also going to open one or several stores in each of these European countries, duplicating the business model that we have done here in Spain and positioning ourselves as the largest exchange with physical stores,” said the CCO and partner of Bitbase, Cristian Bono.
Bitbase is also eyeing Latam. On July 15, the company established an office in Paraguay, introducing its entrance into the region. Bitbase further talked about opening an office in Venezuela, which is looking for talent to manage stores that will be opened in the area.
Although there are no official updates about Bitbase’s progress in its new plans and projects, the press release stated that the stores set up in Venezuela would begin to operate soon.
Bitbase Gets Major Investments
A Spain-based cryptocurrency ATM firm with offices worldwide, Bitbase aims to increase its services by opening its offices in new territories come 2023. The firm already has 100 crypto ATMs in Spain. Having received investments from two Web3-based firms, Bitbase could expand into new markets.
A firm offering several tools designed to handle tokens in decentralized exchanges, Dextools, got 22% of Bitbase. In contrast, another decentralized exchange and a marketplace for NFT, Woonkly, owns 5% of the company’s stock. With the help of these investments, Bitbase plans to get into the metaverse and Web3 side of the crypto ecosystem, supported by the structures and knowledge of the two investing companies.
Bitbase also has 30 physical stores with a business structure that explains to users how to trade with crypto, thus helping people venture into the crypto ecosystem.
What is Bitbase?
Bitbase is a cryptocurrency trading platform with many offices worldwide and currently 100 ATMs in Spain. Accordingly, the company is the market leader in the crypto ecosystem, with the largest network in Spain and the 4th at a European level. Bitbase is a crypto platform where users can safely and effectively trade cryptocurrencies, including Bitcoin and Ethereum, among other cryptos on the market in a bank transfer, cash, or credit cards.
The company allows users to exchange cryptocurrencies using its services anytime and anywhere using the company’s online calculator as the user prefers. Users can also use Bitbase services via the firm’s ATMs, offices, or stores. Additionally, in Bitbase, users can use the firm’s crypto converter to see the specific amount that the user will receive, plus any additional charges.