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Bitso reportedly becomes Latin America’s first billion-dollar crypto exchange

From cointelegraph.com

Mexican cryptocurrency exchange Bitso has concluded a $250 million Series C capital raise, putting it in the upper echelons of Latin America’s fintech industry. The latest investment round gives Bitso a total value of $2.2 billion, making it the first Latin American cryptocurrency exchange to be worth over $1 billion. It’s also the third-most valuable fintech company on the continent. The raise was led by Tiger Global and Coatue, with additional contributions from Valor Capital Group, BOND and Paradigm. Daniel Vogel, Bitso’s co-founder and CEO, said it took his exchange six years to get its first million customers ... (full story)

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  • Category: Fundamental Analysis