Huobi Global announced today that it has purchased Latin America-based exchange Bitex in a deal with confidential terms.
Bitex, founded in 2014, operates in Argentina, Chile, Paraguay and Uruguay. The company will join Huobi Global's platform but keep its own branding and management, according to a May 26 press release.
The Bitex website shows that the exchange supports at least 15 cryptocurrencies, including the stablecoins Tether , DAI and USD Coin . It supports on-ramps from several fiat currencies, including dollars; Argentine, Chilean and Uruguayan pesos; the Paraguayan guaraní and Peruvian sol. “Bitex was founded to protect the value of our users’ money, in the wake of major financial crises in Latin America," Bitex CEO Francisco Buero said in a press release."Having grown rapidly after eight years of successful operations, we believe our partnership with Huobi Global will not only support our expansion, but also help us better serve our customers, enabling them to access a broader range of digital assets on Huobi Global’s platform.
Last year it added five payment methods to trade crypto from Argentine financial institutions, including major banks Santander Río and Banco Galicia.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tether Expands into Latin World: Launches Token Pegged to Mexican Peso.Tether_to enters Latin market with its new token mexico crypto tether
Read more »
Indian Titles ‘Lalanna’s Song,’ ‘Dhuin’ Acquired for North America at Cannes Market (EXCLUSIVE)Deaf Crocodile Films and Gratitude Films have acquired Indian films “Lalanna’s Song” and “Dhuin” for North American distribution. The deals were completed during the C…
Read more »
Why gun violence is so personal to Warriors coach Steve KerrWarriors coach Steve Kerr steps up to say the things lawmakers won't about gun violence - thereidout Blog
Read more »
Tether Expands into Latin World: Launches Token Pegged to Mexican Peso.Tether_to enters Latin market with its new token mexico crypto tether
Read more »
Mapping Out Kraken's Acquisitions & InvestmentsBased in San Francisco, California, Kraken is one of the longest operating cryptocurrency exchanges, co-founded by Jesse Powell in 2011. The exchange was
Read more »