Express
Huobi Global Acquires Crypto Exchange Bitex To Expand In Latin America
Summary: Huobi Global, one of the biggest crypto exchanges, announced on Thursday the acquisition of Bitex, a Latin American cryptocurrency exchange, under undisclosed terms. The move is aimed at expanding its presence in the Latin American region. Founded in 2014, Bitex serves individuals, high-net-worth clients and businesses with extensive operations in Argentina, Chile, Paraguay and Uruguay. ...
Huobi Global, one of the biggest crypto exchanges, announced on Thursday the acquisition of Bitex, a Latin American cryptocurrency exchange, under undisclosed terms. The move is aimed at expanding its presence in the Latin American region.
Founded in 2014, Bitex serves individuals, high-net-worth clients and businesses with extensive operations in Argentina, Chile, Paraguay and Uruguay. Bitex CEO Francisco Buero said Bitex has more than 200,000 registered accounts.
According to the announcement, Huobi Global plans to integrate Bitex’s exchange business, enabling users in Latin America to trade all cryptocurrencies on Huobi Global. After the integration, Bitex will retain its brand and continue to be operated independently by its existing management team.
Huobi Global has been operating since 2013 and it is now a leader in the crypto markets. The company is offering a wide range of services, from spot trading to staking, borrowing and lending, among other solutions.
By Mary Liu
Tags: Bitex,Huobi Global,Latin America
Link: Huobi Global Acquires Crypto Exchange Bitex To Expand In Latin America [Copy]
