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Bitso buys competitor Unisend in an effort to corner the Mexico market.
It’s a small deal that is a sign of a larger trend: Mexican bitcoin exchange Bitso has acquired another, smaller Mexican bitcoin exchange, Unisend. The value of the deal has not been shared.
Bitso, the larger of the two parties, is still a very small operation. As bitcoin news site Coindesk reports, Bitso’s trading volume in the last 24 hours amounted to 33.4 BTC—less than $10,000 worth of bitcoin—which is less than 1% the size of the leading U.S. bitcoin exchange, Coinbase.
It’s a small deal that is a sign of a larger trend: Mexican bitcoin exchange Bitso has acquired another, smaller Mexican bitcoin exchange, Unisend. The value of the deal has not been shared.
Bitso, the larger of the two parties, is still a very small operation. As bitcoin news site Coindesk reports, Bitso’s trading volume in the last 24 hours amounted to 33.4 BTC—less than $10,000 worth of bitcoin—which is less than 1% the size of the leading U.S. bitcoin exchange, Coinbase.
Full story: https://fortune.com/2015/06/10/bitcoin-consolidation-mexico/