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.

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.

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