Bitso Claims That The Number Of Its Customers In Latin America Has Doubled

Bitso, a cryptocurrency exchange, doubled the number of customers it had throughout Latin America during the course of the previous year, bringing the total to more than 6 million.

Bitso has a headquarters in Mexico City and a Gibraltar license. In Argentina, Brazil, Colombia, and Mexico, the exchange is active. There are already more than 1 million subscribers in Brazil and over 1 million in Argentina.

In late May, as the crypto winter began to set in, Bitso let go of 80 employees, claiming that the industry’s rapid growth needed it to “constantly remix” its high-value capabilities. On the company’s website, there are now 31 available positions. This year, the parent companies of Buenbit and Mercado Bitcoin both announced layoffs.

Bitso creating new items while the market downturn

With its Bitso+ feature, which promotes the possibility of earning up to 8% returns on the BTC, ETH, and USDC already present in clients’ wallets, the company has drawn 1 million new subscribers.

The exchange has launched QR crypto payments in Argentina and is getting ready to release a new crypto card in Mexico with Mastercard that features bitcoin-based cash-back benefits.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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