Bitcoin, the leading cryptocurrency, has seen its value balloon by more than 100% year-to-date, soaring to an all-time high of more than USD 60,000. Nigerians, many of whom are battling poverty.
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Brazilâs top exchange announces international expansion after raising $38M Leading Brazilian exchange Mercado Bitcoin has announced a regional expansion, naming Chile, Mexico, and Argentina as likely destinations. 14882 Total views
Brazilâs largest Bitcoin exchange, Mercado Bitcoin, has announced plans to expand across Latin America.
Chief executive Reinaldo Rabelo named Chile, Mexico, and Argentina as among the jurisdictions it will expand into first, comparing the âregulatory cultureâ in those countries to Brazilâs.
According to Useful Tulips, Mexico is currently the fourth-largest Latin American country by peer-to-peer Bitcoin trade volume, with Chile ranking fifth, and Argentina ranking seventh.
The strong P2P trade volume suggest there may be significant demand from local traders that is not met by centralized platforms.