Huobi World Acquires Bitex, Expands Presence in Latin America

by Cryptospacey

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 trade with a powerful presence in Argentina, Chile, Paraguay, and Uruguay.

Latin America is among the fastest-growing crypto areas on the planet. When it comes to the adoption of digital property, the area has remained within the prime 5 throughout the previous few years. Using 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 outstanding progress there and are bullish on our prospects for the area. We’re happy to associate 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,” stated 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 buying and selling companies to accommodate shoppers around the globe.

Latin America

In response to Huobi, Latin America is a big marketplace for digital trade. The corporate introduced the launch of Huobi Argentina in 2019 amid the rising demand for crypto services and products within the nation.

Francisco Buero, CEO of Bitex, stated: “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 is not going to solely assist our growth but additionally assist us higher serve our prospects, enabling them to entry a broader vary of digital property on Huobi World’s platform. Moreover, Huobi World’s sturdy monitor report in safety will assist safeguard our vital mission as we proceed to function as a borderless trade.”

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 trade with a powerful presence in Argentina, Chile, Paraguay, and Uruguay.

Latin America is among the fastest-growing crypto areas on the planet. When it comes to the adoption of digital property, the area has remained within the prime 5 throughout the previous few years. Using 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 outstanding progress there and are bullish on our prospects for the area. We’re happy to associate 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,” stated 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 buying and selling companies to accommodate shoppers around the globe.

Latin America

In response to Huobi, Latin America is a big marketplace for digital trade. The corporate introduced the launch of Huobi Argentina in 2019 amid the rising demand for crypto services and products within the nation.

Francisco Buero, CEO of Bitex, stated: “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 is not going to solely assist our growth but additionally assist us higher serve our prospects, enabling them to entry a broader vary of digital property on Huobi World’s platform. Moreover, Huobi World’s sturdy monitor report in safety will assist safeguard our vital mission as we proceed to function as a borderless trade.”

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