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 . . .