Top crypto trading platform Bitso says it has surpassed 6 million users in Latin America while claiming it is in the midst of a growth spurt the fastest they have seen since its inception in 2014.
Bitso states that in the past year, it has doubled its client base even during the ongoing crypto-winter.
Santiago Alvarado, Vice President of Product at Bitso, said they are proud of what they have created in Latin America as they develop new crypto-based products, including payments and “support against inflation.”
“Reaching 6 million customers only confirms that we are moving in the right direction as we pursue our mission to make crypto useful by providing our customers with simple, reliable, and borderless products.”
Bitso currently operates in Mexico, Brazil, Colombia, and Argentina.
Recently, Bitso notes that it has focused on diversifying the applications of crypto to make them more useful. Bitso recently launched QR crypto payments in Argentina. Bitso also announced an alliance with Mastercard for its next launch of the Bitso Card in Mexico.
Bitso offers a yield product as well in Bitso+, where users can earn returns on their BTC, ETH, and USDC parked in their Bitso wallet.
Bitso is one of the few crypto exchanges to have obtained a Distributed Ledger Technology (DLT) license from the Gibraltar Financial Services Commission (GFSC).