Bitso

Bitso dominates Mexican crypto trading with 99.5% market share, handling MXN 4,215.4 million in 2024 transactions. Lower fees on BTC markets contribute to Bitso’s popularity compared to competitors like Binance and Bitfinex. In Mexico, Bitso commands a staggering 99.5% market share in cryptocurrency trading volume, as revealed by Kaiko’s “The State of LATAM Crypto Markets” report. Throughout 2024, Bitso facilitated transactions totaling MXN 4,215.4 million, underscoring its dominance over competitors like Binance and Bitfinex, which reported significantly lower trading volumes…

More people in Latin America have shown interest in Dai over the previous several months due to the economic troubles aggravated by the coronavirus pandemic. The local news outlet iProUP reported that the trading volume of MakerDAO’s stablecoins was four times during quarantine in Argentina, as it became $20 million daily from $5 million. This shows that Latin America is moving to the Safety of Dollar-Pegged Stablecoins because of the absolute debt and hyperinflation. Hence, the people chose to deal with…

COVID-19 pandemic has brought economic difficulties to the world and the poorest individuals are most hit. This is why organizations, firms and individuals are reaching out to those who need help. Companies offering services related to cryptocurrency and some individuals in the cryptocurrency space have been trying their best to help those in need. For example, cryptocurrency companies like Binance, BitMEX and the Stellar Foundation have launched such initiatives. Cryptocurrency exchange based in Mexico, Bitso, has collaborated with the crowdfunding platform Donadora towards the launch of…