Mexican Bitcoin Exchange Bitso Acquires Competitor
Mexican bitcoin exchange Bitso has acquired competitor Unisend Mexico in an attempt to consolidate its market share in the region. A relatively small exchange, Bitso's trading volume in the last 24 hours stood at approximately $7,671 (33.4 BTC) - less than 1% of US exchange Coinbase, which had reached $1.34m at the time of press. Speaking to CoinDesk, Pablo González, CEO at Bitso, said: "Although we feel strongly that the market is on the verge of significant growth, right now it doesn't really make sense to have such a diffused effort. Consolidation makes sense at this point, in....
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Mexican Bitcoin exchange BitSo recently acquired competitor Unisend Mexico with the aim of mousetrapping the maximum regional market share. According to the available reports, the aforesaid deal is relatively very small to what we normally encounter in digital currency markets. However, its impact is expected to be amplified in a developing Bitcoin word in Mexico. BitSo, which is comparatively a smaller exchange than its multi-million dollar counterparts, is aiming to be the earliest companies to tap on Bitcoin's potential in this Latin American region. The saying perfectly reflects in the....
Bitso, the first Mexican exchange, opens for trading tomorrow. Currently this is the only local platform on which to exchange bitcoins for Mexican Pesos. Interested parties will be able to register at bitso.com. The company emphasises that its platform has been designed with ease of use and power in mind. The company already has over 1,000 pre-registered users. It expects these parties to gradually begin using the new exchange platform from tomorrow. It is expected that trading activity will increase as participants become more comfortable with the exchange and the company, and as they get....
The Mexican bitcoin exchange Bitso which was recently in news for the acquisition of its competitor Unisend Mexico has emerged much stronger in the Mexican bitcoin market with the closure of its seed funding round. The company has raised money from Bitcoin Opportunity Corp., an investment fund backed by well-known entrepreneur and Bitcoin investor Barry Silbert. Few undisclosed angel investors have also invested in Bitso along with Bitcoin Opportunity Corp. The potential for bitcoin market in Mexico is huge with estimated inward remittance of over $22 billion in the year in 2013 alone.....
Mexican bitcoin exchange Bitso has exited beta with a number of initiatives aiming to attract new users in the country. The company first went live in April as the first exchange aimed at Mexico's burgeoning bitcoin ecosystem, with features designed specifically for locals. "As we are not a 'cookie cutter' exchange, we're really able to offer services tailored to the particular needs of the Mexican market," Bitso chief technology officer Ben Peters told CoinDesk. For instance, the exchange is fully integrated with Compropago, a local payments service that allows Bitso users to fund their....
Bitso, a bitcoin exchange based in Mexico, was able to secure a seed-funding round from the Digital Currency Group and angel investors in the country. The exchange plans to expand in Mexico and collaborate with the Mexican government's current approach to cross-border payments in the region. In the country, there are very few people who have access to bank accounts or credit cards, which means that alternative forms of fund transfer are welcomed. The Mexican government has already launched an initiative called Transfer, which also works with Mexican banks and corporations including....