Forbes has reported that Mexico-based digital exchange Bitso, which received an investment from the Ripple giant back in October 2019, has turned into the first crypto unicorn in Latin America.
Now, the market capitalization of the exchange has surpassed $2.2 billion after it secured $250 million in a Series C investment round.
Yuri MolchanThe Series C funding round was led by Coatue and Tiger Global giants. The current valuation of $2.2 billion has made it one of the biggest fintechs in Latin America but the only crypto unicorn there so far.
Last year, the company received $62 million in a Series B round of investment.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Godfrey Benjamin
Arman Shirinyan
Dan Burgin
Vladislav Sopov