The Mexican Cryptocurrency Exchange, founded in 2014, is becoming one of the largest Fintech companies in Latin America due to the growing popularity of cryptocurrencies.
This happened after Bitso's value rose to $ 2.2 billion after the last round of Series C investments. This investment round, where Bitso increased its capital by $ 250 million, was led by Tiger Global and Coatue, accompanied by Paradigm, BOND & Valor Capital Group.
With this valuation, Bitso has become the third most valuable Fintech company in Latin America.
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, Bitso Co-Founder and CEO Daniel Vogel
The Bitso currently operates in Mexico, Argentina and, since last week, in Brazil, strengthening its position as the largest crypto exchange in Latin America. Informs Entrepreneur.