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Ripple Partner Bitso Becomes First Crypto Unicorn in Latin America

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Wed, 5/05/2021 - 13:59
Ripple Partner Bitso Becomes First Crypto Unicorn in Latin America
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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.

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Now, the market capitalization of the exchange has surpassed $2.2 billion after it secured $250 million in a Series C investment round.

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The 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.

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