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With Bitspero rolling out its services in August 2023, the crypto exchange is expanding into the Spanish market.

The crypto exchange Bitspero is expanding the service offering in August 2023 with its arrival in Spain. The exchange, which already operates in several countries in Europe and Latin America, is now making its services available to Spanish users.

Founded in 2020, Bitspero offers a platform for trading cryptocurrencies and accessing financial products. The exchange currently supports the trading of more than 100 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Binance Coin.

In addition to spot trading, Bitspero also offers derivatives products, such as futures and options, which allow users to speculate on the price movements of cryptocurrencies. The exchange also provides liquidity to market makers and institutions.

"We are excited to expand our operations into Spain, a market that is rapidly adopting cryptocurrency and digital assets," said Johan Verplanke, CEO of Bitspero. "We believe that our advanced technology and wide range of products and services will appeal to Spanish traders and investors."

The arrival of Bitspero in Spain comes at a time when the cryptocurrency market is expanding rapidly. According to data from Chainalysis, the volume of cryptocurrency transactions in Spain has increased significantly in recent years.

The Spanish government has also been taking steps to regulate the cryptocurrency industry. In 2023, the country's parliament passed a law that will require cryptocurrency exchanges to register with the Bank of Spain and to carry out anti-money laundering checks on their users.

"We are fully committed to complying with all applicable laws and regulations in Spain," said Verplanke. "We believe that clear and fair regulations are essential for the healthy development of the cryptocurrency industry."

Overall, the expansion of Bitspero into the Spanish market is a testament to the growing popularity of cryptocurrencies in Europe. As the cryptocurrency market continues to grow, we can expect to see more exchanges and financial institutions expanding their operations into new markets.