To boost its enterprise within the rising area of Latin America, Huobi World just lately introduced that it has acquired Bitex, a crypto trade with a powerful presence in Argentina, Chile, Paraguay, and Uruguay.
Latin America is likely one of the fastest-growing crypto areas on the earth. By way of the adoption of digital property, the area has remained within the high 5 throughout 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, now we have seen outstanding progress there and are bullish on our prospects for the area. We’re happy to accomplice 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, World 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 world wide.
Latin America
In accordance with Huobi, Latin America is a big marketplace for digital trade. 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 World is not going to solely help our enlargement but additionally assist us higher serve our clients, enabling them to entry a broader vary of digital property on Huobi World’s platform. Moreover, Huobi World’s robust observe file in safety will assist safeguard our essential mission as we proceed to function as a borderless trade.”
To boost its enterprise within the rising area of Latin America, Huobi World just lately introduced that it has acquired Bitex, a crypto trade with a powerful presence in Argentina, Chile, Paraguay, and Uruguay.
Latin America is likely one of the fastest-growing crypto areas on the earth. By way of the adoption of digital property, the area has remained within the high 5 throughout 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, now we have seen outstanding progress there and are bullish on our prospects for the area. We’re happy to accomplice 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, World 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 world wide.
Latin America
In accordance with Huobi, Latin America is a big marketplace for digital trade. 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 World is not going to solely help our enlargement but additionally assist us higher serve our clients, enabling them to entry a broader vary of digital property on Huobi World’s platform. Moreover, Huobi World’s robust observe file in safety will assist safeguard our essential mission as we proceed to function as a borderless trade.”
