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Brazil's top exchange announces international expansion after raising $38M


Brazil’s 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.
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Brazil’s 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 “regulatory culture” in those countries to Brazil’s.
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. ....

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