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Bitso

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Mexico's leading Bitcoin and cryptocurrencies exchange

Bitso is a cryptocurrency exchange platform that allows users to buy Bitcoin and other cryptocurrencies easily from their mobile phones. The company stated that it already has more than 1 million users that continue to grow each day. According to Crunchbase, Bitso is the first Mexican Bitcoin exchange that offers a platform for trading Bitcoin with Mexican Peso. As the first Mexican exchange to do that, Bitso promises to offers the highest level of professionalism and security to Bitcoin trading for Mexican users. Users can access the platform either directly at bitso.com or using the mobile app available to download from the website. Bitso exchange operates like a traditional currency exchange with a limit order book.

Bitso has raised a total of $66.4M in more than 7 funding rounds. The latest funding round was finished on December 9, 2020. There are more than 12 investors that invested in Bitso, some of them are Kaszek Ventures, Pantera Capital, QED Investors, Coinbase Ventures, MassChallenge, MONEXgroup, Xochi Ventures, Cometa, Digital Currency Group, and more. Bitso also participated in investment on other projects such as Coin Center, which was done on February 21, 2017. There are 3 core team members including its CEO Daniel Vogel, with 3 board members and advisors including Nigel Morris.

According to its website, with Bitso users can send trueUSD, Mana, BAT, Golem, DAI, USD, Bitcoin, ETH, XRP, Litecoin, and other currencies easily. It also supports secure storage so users’ assets will be protected when they decided to leave them on the exchange. Bitso stated that since its launch, it has achieved various milestones including but not limited to more than 1 million registered users, more than 19 million tradings processed, more than 6 million payments in fiat made, and more than 4 million in crypto processed.

Categories

Exchanges, Payments

Location

Mexico

Year founded

2014