- Bitex serves the people of Argentina, Uruguay, Paraguay, and Chile.
- Latin America’s crypto use increased by 1,370 percent between 2019 and 2021.
Huobi Global, the world’s top crypto asset exchange, revealed on Thursday that it had acquired Bitex, žinomas cryptocurrency exchange in Latin America. Despite Huobi now being the parent firm of Bitex, which was established in 2014, the trading platform will continue to use its current branding and management team.
Global Expansion in Consideration
Bitex serves the people of Argentina, Uruguay, Paraguay, and Chile with digital currency services. Since its population is approximately 665 million, Latin America has constantly held a position of fifth place in the world for cryptocurrency adoption.
Jeffrey Ma, Huobi Group’s global head of mergers and acquisitions, said:
„Nuo tada, kai „Huobi Group“ pirmą kartą įžengė į Lotynų Amerikos rinką, joje pastebėjome nepaprastą augimą ir vertiname savo perspektyvas šiame regione. Džiaugiamės galėdami bendradarbiauti su nusistovėjusiu žaidėju, tokiu kaip Bitex, nes norime padidinti savo pėdsaką Lotynų Amerikoje. Mūsų partnerystė leis daugiau vartotojų prekiauti naudojant įrodytą Huobi saugumą, likvidumą ir stabilumą.
Huobi will connect its platform with the Bitex system, while Bitex retains its personnel and logo. All Bitex users will now have access to Huobi’s Global’s trading engine’s digital currency offerings.
Since the debut of Huobi in 2019, it has been looking to expand its influence in Latin America. According to the business, Latin America’s crypto use increased by 1,370 percent between 2019 and 2021. With $11.7 billion in assets under management, „Huobi Global“ is the third-largest cryptocurrency exchange globally by trading volume. Francisco Buero, the CEO of Bitex, feels that Huobi will aid the company’s growth ambitions.
Source: https://thenewscrypto.com/popular-exchange-huobi-global-acquires-latin-america-based-bitex-exchange/