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News

Argentina’s Fintech Ualá To Open Bitcoin And Ethereum Trading Services

November 5, 2022 - Around 1 mins mins to read
Customers in Argentina can now trade Bitcoin (BTC) and Ether (ETH) thanks to Ualá, an Argentine fintech business.
Argentina's Fintech Ualá To Open Bitcoin And Ethereum Trading Services

Withdrawals are not possible on the platform; only purchases and trades of cryptocurrencies are permitted. A 250 pesos ($0.83) minimum transaction is required.

Since the Argentine central bank in May forbade two banks from granting their customers access to cryptocurrencies, the company is the first financial player to start cryptocurrency trading in Argentina.

SoftBank and Tencent affiliates jointly led a $350 million Series D investment round for Ualá in August. The investment resulted in a $2.45 billion post-money valuation for the company.

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.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

#Bitcoin

argentina

crypto

Ualá

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Argentina’s Fintech Ualá To Open Bitcoin And Ethereum Trading Services

Customers in Argentina can now trade Bitcoin (BTC) and Ether (ETH) thanks to Ualá, an Argentine fintech business.
Argentina's Fintech Ualá To Open Bitcoin And Ethereum Trading Services

Withdrawals are not possible on the platform; only purchases and trades of cryptocurrencies are permitted. A 250 pesos ($0.83) minimum transaction is required.

Since the Argentine central bank in May forbade two banks from granting their customers access to cryptocurrencies, the company is the first financial player to start cryptocurrency trading in Argentina.

SoftBank and Tencent affiliates jointly led a $350 million Series D investment round for Ualá in August. The investment resulted in a $2.45 billion post-money valuation for the company.

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.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News