Mexican Exchange Bitso Raises $2.5M for Expansion
Mexico’s first Bitcoin exchange, Bitso, announced that it has raised $2.5 million in venture capital. The company, founded in 2014, has now raised a total of $4.35 million, becoming the dominant cryptocurrency provider in the Latin American region. Mexico’s First Bitcoin Exchange Bitso Raises $2.5M in Series A Funding. Bitso was the first exchange that....
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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 Latin American exchange has raised $62 million in a Series B funding round led by the investment funds Kaszek Ventures and QED Investors. Bitso, the biggest crypto exchange in Latin America, has raised $62 million dollars in a series B funding round.Bitso plans to use the funding to consolidate its expansion in the region — including a focus on Brazil's emerging market. The fundraising round for the Mexican exchange was led by the investment funds Kaszek Ventures and QED Investors. QED's co-founder Nigel Morris and Kaszek's managing director Nicolas Szekasy will also join Bitso's board....
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 to Mexican Peso exchange, which uses the popular cryptocurrency to let Mexicans freely trade dollars and pesos in and out of Bitcoin. Donald Trump has been facing a lot of backlash over his idea to build a wall around Mexico to halt the remittances flowing from the US to this country. While it is evident Bitcoin can easily sneak around any artificial wall, Mexican Bitcoin startup Bitso raised US$1.85m to provide better remittance solutions. Attacking the remittance payment industry is never a smart idea, and Donald Trump will come to that realization at some point in his....
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.....