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Bitcoin Exchanges from Chile, Mexico and Argentina Will Have Brazilian Competition

RIO DE JANEIRO, BRAZIL - The Brazilian cryptocurrency exchange Mercado Bitcoin announced on January 21 that it is preparing an expansion in Latin America that targets the markets of Chile, Mexico and Argentina. Operations in these countries could begin in 2021 after attracting investments of about US$37 (R$200) million.

The exchange house highlighted that the regulatory culture in these three nations is similar to that of Brazil, so it would only be a matter of time before starting activities. The intention of Mercado Bitcoin is to develop a local ecosystem like the one that exists in the United States . . .

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