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Huobi Global Acquires Bitex, Expands Presence in Latin America


To reinforce its enterprise within the rising area of Latin America, Huobi World not too long ago introduced that it has acquired Bitex, a crypto alternate with a robust presence in Argentina, Chile, Paraguay, and Uruguay.

Latin America is among the fastest-growing crypto areas on the earth. By way of the adoption of digital belongings, the area has remained within the high 5 in the course of the previous few years. The usage of digital currencies in Latin America elevated by greater than 1,300% between 2019 and 2021.

“Since Huobi Group first entered the Latin American market, we’ve seen exceptional progress there and are bullish on our prospects for the area. We’re happy to accomplice with a longtime participant like Bitex, as we glance to develop our footprint in Latin America. Our partnership will allow extra customers to commerce with Huobi’s confirmed safety, liquidity, and stability,” said Jeffrey Ma, World Head of M&A at Huobi Group.

The monetary particulars of the acquisition weren’t disclosed. Final yr, Huobi expanded its suite of trading services to accommodate shoppers world wide.

Latin America

In line with Huobi, Latin America is a big marketplace for digital alternate. The corporate introduced the launch of Huobi Argentina in 2019 amid the rising demand for crypto services within the nation.

Francisco Buero, CEO of Bitex, mentioned: “Bitex was based to guard the worth of our customers’ cash, within the wake of main monetary crises in Latin America. Having grown quickly after eight years of profitable operations, we consider our partnership with Huobi World won’t solely assist our enlargement but additionally assist us higher serve our clients, enabling them to entry a broader vary of digital belongings on Huobi World’s platform. Moreover, Huobi World’s robust monitor file in safety will assist safeguard our essential mission as we proceed to function as a borderless alternate.”

To reinforce its enterprise within the rising area of Latin America, Huobi World not too long ago introduced that it has acquired Bitex, a crypto alternate with a robust presence in Argentina, Chile, Paraguay, and Uruguay.

Latin America is among the fastest-growing crypto areas on the earth. By way of the adoption of digital belongings, the area has remained within the high 5 in the course of the previous few years. The usage of digital currencies in Latin America elevated by greater than 1,300% between 2019 and 2021.

“Since Huobi Group first entered the Latin American market, we’ve seen exceptional progress there and are bullish on our prospects for the area. We’re happy to accomplice with a longtime participant like Bitex, as we glance to develop our footprint in Latin America. Our partnership will allow extra customers to commerce with Huobi’s confirmed safety, liquidity, and stability,” said Jeffrey Ma, World Head of M&A at Huobi Group.

The monetary particulars of the acquisition weren’t disclosed. Final yr, Huobi expanded its suite of trading services to accommodate shoppers world wide.

Latin America

In line with Huobi, Latin America is a big marketplace for digital alternate. The corporate introduced the launch of Huobi Argentina in 2019 amid the rising demand for crypto services within the nation.

Francisco Buero, CEO of Bitex, mentioned: “Bitex was based to guard the worth of our customers’ cash, within the wake of main monetary crises in Latin America. Having grown quickly after eight years of profitable operations, we consider our partnership with Huobi World won’t solely assist our enlargement but additionally assist us higher serve our clients, enabling them to entry a broader vary of digital belongings on Huobi World’s platform. Moreover, Huobi World’s robust monitor file in safety will assist safeguard our essential mission as we proceed to function as a borderless alternate.”



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