Latam Based Exchange Bitso Gets Unicorn Status After $250 Million Funding Round
Bitso, one of the biggest cryptocurrency exchanges in Latam, has reached unicorn status after a funding round that managed to raise $250 million with the participation of some big names in the cryptocurrency world. The company announced it would use these resources to expand its operations and keep growing in its core markets, including remittances. Bitso Reaches Unicorn Valuation After Series C Funding Round Mexico-based exchange Bitso has become the first LATAM cryptocurrency unicorn, after getting a valuation of $2.2 billion on its Series C funding round. The round got participation....
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Bitso, one of the largest cryptocurrency exchanges in Latam, has launched a QR payments program geared towards travelers in Argentina. The service proposal seeks to ease the way in which travelers and tourists make payments in the country, using Bitso’s interoperable QR payment technology to avoid unnecessary and often confusing cash exchange transactions in the region, where there are multiple dollar exchange rates. Bitso Launches QR Payment Service for Travelers Bitso, one of the leading cryptocurrency exchanges in Latam, has launched a QR-based payments service that aims to allow....
Mexican cryptocurrency exchange Bitso has closed a $2.5 million round of investment. The exchange announced it had closed the round of Series A1 financing earlier this week. Investors include US-based Digital Currency Group (DCG) and Mexico-based firms Monex, Variv Capital, and Xochi Ventures. In a press release about the funding round, DCG’s founder and CEO Barry Silbert announced the reason Bitso was chosen for the investment: “We have supported Bitso since their inception as they have built some of the most advanced exchange technology for digital assets and created partnerships that....
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....
Bitso, one of the biggest cryptocurrency exchanges in Latam, has announced a series of layoffs due to the recent downturn in the cryptocurrency market. The exchange, which has a workforce of 800 workers, has decided to let go of more than 10% of its staff citing a change in the long-term strategy for the company, just when it had announced its expansion to Colombia.
Crypto Exchange Bitso Lays Off Over 10% of Its Employees
Bitso, one of the first cryptocurrency unicorns in Latam, has announced it is taking measures to preserve the operation of the company during the current market....