Mexico’s first Bitcoin exchange, Bitso, announced that it has raised $2.5 million in venture capital. The company, founded in 2014, has now raised a total of $4.35 million, becoming the dominant cryptocurrency provider in the Latin American region.
Mexico’s First Bitcoin Exchange Bitso Raises $2.5M in Series A Funding
Bitso was the first exchange that enabled bitcoin for pesos trading within Mexican borders. Founded by Ben Peters, Daniel Vogel, and Pablo Gonzalez, the company offers a traditional type of currency exchange with a limited order book. The central limit order book uses the Ripple network to validate transactions.
https://news.bitcoin.com/mexican-exchange-bitso-2-5m-expansion/
Mexico’s First Bitcoin Exchange Bitso Raises $2.5M in Series A Funding
Bitso was the first exchange that enabled bitcoin for pesos trading within Mexican borders. Founded by Ben Peters, Daniel Vogel, and Pablo Gonzalez, the company offers a traditional type of currency exchange with a limited order book. The central limit order book uses the Ripple network to validate transactions.
https://news.bitcoin.com/mexican-exchange-bitso-2-5m-expansion/
That's a quite lot of money. I did not know that the mexicans were so into bitcoin. With brasil so close their aim probably to get to the no 1 provider in latin america which could be a very smart and profitable thing to do.