The CEX.O Cryptocurrency Exchange officially announced his arrival in Spain. The company reported that it is already registered as a supplier of virtual asset services (PSAV) in the country, a key step that allows it to be legal and regulated in the local market.
Founded in 2013 in London, the United Kingdom, Cex.io is one of the first Bitcoin (BTC) and cryptocurrency that emerged in the ecosystem, so it has a trajectory of more than a decade. Since he was born, the main digital currency went from $ 200 to about $ 112,000.
With his registration as PSAV before the Bank of Spain, The Exchange clarified which is getting closer to launching its services in the region. However, it has not yet communicated the exact date on which it will begin operating.
In addition, the company said it is working to obtain additional licenses, including the license that corresponds to MICA, the main regulations of the European Union for the regulation of cryptoactives.
Cex.io is presented as a platform designed to facilitate the purchase, sale, exchange, staking and savings in cryptocurrencies, with payment options through bank transfers and cards.
With this expansion, the Exchange reinforces its presence in Europe and It seeks to consolidate as an option for Spaniards interested in the cryptocurrency ecosystem.
Being recognized as PSav implies that a company operates under the supervision of the country’s financial authorities, which guarantees compliance with both local and international regulations, including those related to money laundering prevention (AML), terrorism financing (CFT) and data protection.
In turn, registration as a PSAV forces cryptocurrency exhanges such as CEX.Io to implement user identity verification measures (KYC), share regulators their financial movements, and report suspicious activities.
For Cex.io, obtaining the Mica license could represent a competitive advantageallowing you to access a market of more than 400 million consumers without the need for additional licenses in each country. In addition, this accreditation would reinforce its perception as a safe and reliable platform, attracting both institutional and retail investors who seek to operate with regulated entities.
This would also allow him to expand his service offer, such as the regulated Stablecoins trade and integration with traditional payment systems.
Meanwhile, Interest in cryptocurrencies in Spain is increasing. According to a recent study presented by Binance, Spanish users show an increasingly committed and educated profile in the field, with a high degree of long -term confidence and a perception that goes beyond mere speculation.
As Cryptonotics reported, a significant proportion of respondents claims to allocate a considerable part of their portfolio to digital assets, especially Bitcoin, as part of a diversified investment strategy.
