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Ripple and Coinbase invested in expanding the Bitso Bitcoin exchange in Latin America

Mexico's leading cryptocurrency exchange Bitso has attracted funding from industry-famous investors to expand its operations in Latin America. The amount of investment is not disclosed, reports The Block. The financing round was led by the fintech company Ripple, also the largest US cryptocurrency company Coinbase took part in it. In addition, the participants of the round were Digital Currency Group and Pantera Capital, previously investing […]

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Mexico's leading cryptocurrency exchange Bitso has attracted funding from industry-famous investors to expand its operations in Latin America. The amount of investment is not disclosed, reports The Block .

The financing round was led by the fintech company Ripple, also the largest US cryptocurrency company Coinbase took part in it. In addition, the participants in the round were Digital Currency Group and Pantera Capital, who had previously invested in the exchange.

Bitso has been operating in Mexico since 2014 and claims to serve 750,000 users in the country. The exchange intends to use the raised funds for business expansion primarily in such large countries as Argentina and Brazil.

Among other economic difficulties, a number of Latin American states are facing currency crises. In Argentina, the government, for example, imposed restrictions on the purchase of foreign currency, trying to stop the fall of the peso. Brazil's economy has fallen into recession due to high unemployment, declining investment and a global recession.

Against this background, cryptocurrency activity is growing in the region. In Argentina, weekly volumes of bitcoin transactions on the p2p platform LocalBitcoins jumped to almost $ 196 thousand. In Brazil, this figure reached $ 307 thousand.


Weekly transaction volume on LocalBitcoins in Argentina (in pesos). Source: coin.dance

Recall that earlier, one of the largest Bitcoin exchanges Huobi announced the opening of a cryptocurrency trading platform in Argentina.

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Criptomonedas

Nuevas Reglas Provisionales en Canadá Regulan la Criptoexposición de Los Bancos

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De acuerdo con las nuevas pautas provisionales emitidas por la autoridad financiera del gobierno canadiense, las instituciones financieras, incluidos los bancos y las aseguradoras, solo pueden arriesgar una parte insignificante de su capital en criptomonedas y otros criptoactivos.

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Compañías

El Fondo de Inversión CDPQ Cancela su Partición en Celsius

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El Fondo de Inversión CDPQ Cancela su Partición en Celsius

El gigante de los fondos de pensiones canadiense Caisse de dépôt et placement du Québec (CDPQ) ha dado por perdida su inversión de 150 millones de dólares en la empresa de préstamos de criptomonedas en dificultades Celsius, reconociendo que la empresa entró en el floreciente sector «demasiado pronto».

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Compañías

CEO de Coinbase: Cerraríamos el Staking de Ethereum si Nos Amenazaran los Reguladores

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CEO de Coinbase: Cerraríamos el Staking de Ethereum si Nos Amenazaran los Reguladores

Con el Departamento del Tesoro de EE.UU. sancionando diferentes proyectos como el mezclador de monedas Tornado Cash a principios de este mes, y la tan esperada fusión de Ethereum que se avecina, los entusiastas de la blockchain temen que la regulación gubernamental podría interrumpir los desarrollos en el espacio.

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