Argentina’s Ripio Acquires Second-Largest Crypto Exchange in Brazil

Brazil has the largest GDP in Latin America and seems to be a highly desirable virgin territory among South American and Central American crypto exchanges.

RIO DE JANEIRO, BRAZIL - Argentina’s Ripio has acquired BitcoinTrade, the second-largest crypto exchange in Brazil, in a bid to increase its footprint across the frothy Latin American crypto-currency market.

Ripio (formerly called BitPagos) ended 2020 on a high, crossing the 1 million user milestone. Earlier last year, the firm began looking in earnest for a good fit in Brazil and decided on BitcoinTrade, said Ripio CEO and co-founder Sebastian Serrano. The financial terms of the deal were not revealed.

“Brazil has always been a very important market for us,” Serrano said in an interview. “BitcoinTrade has . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?