The largest crypto currency exchange in Latin America became the crypto unicorn as well as one of the largest fintech company in the region. Bitso raised $250 million in series C fundraising from big names like Tiger Global, Paradigm, BOND and Coatue. Currently company valued at $2.2B.

Raised funds will be used to provide access to cryptocurrencies and for operations. Company established in 2014 , now it provides services for more than 2 million customers. In Mexico, Bitso has more than 95% market share. In Argentina company has more than 60% market share.

Crypto companies grow rapidly if to compare to regular business. Latin America no proper regulations in blockchain industry. Only Mexico resently approved crypto regulations.

By my-financial-wealth.com

Trader, blogger, traveler

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