As you know, cryptocurrencies are becoming increasingly popular around the world, and Latin America is no exception. The Mexican crypto exchange Bitso, which was founded in 2014 has become one of the largest Fintech companies in Latin America due to the growing popularity of cryptocurrencies. However, we can definitely call it the largest crypto exchange in this area, as it operates in Mexico, Argentina, and, since last week, in Brazil, which only strengthens the position of this exchange.
It is clearly a huge success, which in a way is reminiscent of the success of the Binance Exchange. We need to realize that if your company reaches $1 billion in any time frame, it’s a huge success. In this case, however, it’s more than $2 billion in less than 7 years, which is absolutely crazy. Of course, the co-founder and director of the Bitso exchange, Daniel Vogel, also commented on the situation.
“The growth of the cryptocurrency ecosystem this year has been remarkable. It took Bitso six years to get its first million customers. Now – less than ten months later – we have reached the figure of 2 million. People in Latin America are using this technology in their everyday lives. We are proud to grow with the industry and continue to make these powerful financial enablers available to everyone.”
After the last round of C-Series investments, Bitso reached $2.2 billion, making it the third most valuable Fintech company in Latin America.