Tagged: bitso

May 5, 2021 @ 9:26 am By Samantha Hurst  |  

  Bitso, a Mexico-based crypto platform, announced on Wednesday it has achieved unicorn status after raising $250 million through its Series C investment round, which was led by Tiger Global and Coatue with participation from Paradigm, BOND & Valor Capital Group, QED, Pantera Capital, and Kaszek. The… Read More

December 9, 2020 @ 2:35 pm By JD Alois  |  

Bitso, a Mexico based crypto platform, has received a $62 million investment from Kaszek Ventures and QED Investors. The series B funding represents the first foray into cryptocurrency for both QED Investors and Kaszek Ventures. The digital asset platform says this is the first major… Read More

July 9, 2020 @ 11:42 pm By Omar Faridi  |  

Bitso, one of Latin America’s largest digital asset exchanges, has reportedly reached 1 million users before its planned launch in Brazil. Santiago Alvarado, director of international payments at Bitso, recently talked about how cryptocurrencies might help with settling cross-border transactions in Latin America. Alvarado, whose… Read More

May 29, 2020 @ 3:05 pm By Omar Faridi  |  

XRP liquidity via the Mexican and Australian corridor recently reached another all-time high. The digital asset’s European corridor liquidity has also increased significantly. San Francisco-based Fintech firm Ripple’s on-demand-liquidity (ODL) solution has experienced an considerable increase in overall usage and adoption this year. The company’s… Read More

February 22, 2020 @ 9:58 am By Omar Faridi  |  

Digital asset exchange Bitso managed to capture a little more than 2% of the remittance market from the United States to Mexico in 2019 and now aims to gain a 20% market share by the end of this year. Established in 2014, Bitso experienced significant… Read More

July 19, 2019 @ 11:35 pm By Samantha Hurst  |  

Bitso, a Mexico-based cryptocurrency platform, announced on Thursday it secured a Distributed Ledger Technology license from the Gibraltar Financial Services Commission (GFSC). Bitso reported that stating August 1st the custody, withdrawals deposits, and trading of cryptocurrencies made on its platform will be regulated by the… Read More

August 17, 2018 @ 10:28 am By Samantha Hurst  |  

On Thursday, Ripple announced it has added three new exchange partners to its cross-border payments product, xRapid. According to Ripple, xRapid is powered by XRP and the partners allow xRapid payments to move from one currency (into XRP) and back into another currency quickly and efficiently. The exchanges added… Read More