• The exchange’s international website Bit2C.com is now live
• Bit2C recently inked a merger deal with a Gibraltan startup called EYOS
• Bit2C has applied for a DLT license, plans to become an altcoin bank in future

Bits2C, a leading Israel-based cryptocurrency exchange and trading platform told Finance Magnates on October 23 that it is making active plans to become an alternative cryptocurrency (altcoin) bank and spread its business to various parts of the world shortly, including the United Kingdom, France, Spain and others.

Bit2C Taking the Crypto Gospel from Israel to the World

According to a Finance Magnates report , Bit2C, one of the pioneer digital assets exchanges in Israel is tirelessly working round the clock in its bid to expand its operations to several parts of the world.

As part of its expansion plans, Bit2C has reportedly acquired a Gibraltar-based firm called EYOS.

Although the exact business of EYOS was not disclosed at the time, the CEO of Bit2C, Eli Bejerano claims that the acquisition of a 100 percent share of EYOS was a strategic move aimed at helping it gain grounds as quickly as possible in Gibraltar.

“The move was made to connect with EYOS because Bit2C was at the stage that it wanted to expand, while EYOS, on the other hand, had developed significant infrastructures in Gibraltar,” he noted, adding that the firm was at the final stages of securing the Gibraltar DLT license.

Bejerano also made it clear that Gibraltar regulators are currently checking out the KYC/AML compliance systems of the company, its security as well as other essential details.

It’s worth noting that Gibraltar has been doing its best to become the next blockchain technology hub in the world after European nations such as Malta and a few others have succeeded in luring bitcoin-related startups including Binance cryptocurrency exchange to the region with their amenable DLT regulations.

As reported  by Blockchain Reporter on October 21, 2018, the Gibraltar Financial Services Commission (GFSC)  has granted a couple of blockchain firms distributed ledger technology provider license to enable them to do business in the region seamlessly.

Alternative Cryptocurrency Bank in the Works

With Gibraltar already serving as a solid foundation for Bit2C to launch operations in Europe, the firm has hinted it plans to first open offices in the UK, France and Spain.

Bejerano hopes that if everything goes as planned, Bit2C will transform itself into a regulated alternative cryptocurrency bank that would help crypto investors to buy, sell, store and receive their digital assets soon.