To reinforce its enterprise within the rising area of Latin America, Huobi International not too long ago introduced that it has acquired Bitex, a crypto change with a powerful presence in Argentina, Chile, Paraguay, and Uruguay.
Latin America is among the fastest-growing crypto areas on this planet. By way of the adoption of digital belongings, the area has remained within the high 5 through the previous few years. The usage of digital currencies in Latin America elevated by greater than 1,300% between 2019 and 2021.
“Since Huobi Group first entered the Latin American market, we’ve seen exceptional development there and are bullish on our prospects for the area. We’re happy to associate with a longtime participant like Bitex, as we glance to develop our footprint in Latin America. Our partnership will allow extra customers to commerce with Huobi’s confirmed safety, liquidity, and stability,” mentioned Jeffrey Ma, International Head of M&A at Huobi Group.
The monetary particulars of the acquisition weren’t disclosed. Final 12 months, Huobi expanded its suite of buying and selling providers to accommodate purchasers around the globe.
Latin America
In response to Huobi, Latin America is a major marketplace for digital change. The corporate introduced the launch of Huobi Argentina in 2019 amid the rising demand for crypto services within the nation.
Francisco Buero, CEO of Bitex, mentioned: “Bitex was based to guard the worth of our customers’ cash, within the wake of main monetary crises in Latin America. Having grown quickly after eight years of profitable operations, we imagine our partnership with Huobi International won’t solely assist our growth but additionally assist us higher serve our prospects, enabling them to entry a broader vary of digital belongings on Huobi International’s platform. Moreover, Huobi International’s sturdy observe document in safety will assist safeguard our vital mission as we proceed to function as a borderless change.”
To reinforce its enterprise within the rising area of Latin America, Huobi International not too long ago introduced that it has acquired Bitex, a crypto change with a powerful presence in Argentina, Chile, Paraguay, and Uruguay.
Latin America is among the fastest-growing crypto areas on this planet. By way of the adoption of digital belongings, the area has remained within the high 5 through the previous few years. The usage of digital currencies in Latin America elevated by greater than 1,300% between 2019 and 2021.
“Since Huobi Group first entered the Latin American market, we’ve seen exceptional development there and are bullish on our prospects for the area. We’re happy to associate with a longtime participant like Bitex, as we glance to develop our footprint in Latin America. Our partnership will allow extra customers to commerce with Huobi’s confirmed safety, liquidity, and stability,” mentioned Jeffrey Ma, International Head of M&A at Huobi Group.
The monetary particulars of the acquisition weren’t disclosed. Final 12 months, Huobi expanded its suite of buying and selling providers to accommodate purchasers around the globe.
Latin America
In response to Huobi, Latin America is a major marketplace for digital change. The corporate introduced the launch of Huobi Argentina in 2019 amid the rising demand for crypto services within the nation.
Francisco Buero, CEO of Bitex, mentioned: “Bitex was based to guard the worth of our customers’ cash, within the wake of main monetary crises in Latin America. Having grown quickly after eight years of profitable operations, we imagine our partnership with Huobi International won’t solely assist our growth but additionally assist us higher serve our prospects, enabling them to entry a broader vary of digital belongings on Huobi International’s platform. Moreover, Huobi International’s sturdy observe document in safety will assist safeguard our vital mission as we proceed to function as a borderless change.”
