CryptossorCryptossor
  • Home
  • News
    • Global
    • Bitcoin
    • DeFi
    • Cryptocurrency
    • Economy
  • Technology
  • Contact
Facebook X (Twitter) Instagram
Subscribe
CryptossorCryptossor
X (Twitter)
  • Home
  • News
    1. Global
    2. Bitcoin
    3. DeFi
    4. Cryptocurrency
    5. Economy
    6. View All

    Investors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals

    May 18, 2023

    Report: Well Known Crypto Firms Still Not Adhering to Basic Governance Standards

    May 18, 2023

    EU Council Adopts New Rules for Europe’s Crypto Markets

    May 18, 2023

    BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies

    May 18, 2023

    Chainlink (LINK) pumps 26% in 6 days — Is there room for more?

    November 8, 2023

    Progmat stablecoin platform takes shape as wallet, liquidity providers join

    November 8, 2023

    NFT sales jump to $129M, OpenSea layoffs and Elon Musk slams NFTs: Nifty Newsletter

    November 8, 2023

    LidoDAO launches official version of wstETH on Base

    November 8, 2023

    Defrost Finance Team Calls Rug Pull Claims Slander

    December 30, 2022

    Arab Bank Switzerland Presents 10 DeFi Tokens to Customers

    January 7, 2022

    Celsius Network Confirms They Lost Money In BadgerDAO DeFi Attack

    December 3, 2021

    SEC Chairman Gary Gensler Speaks About DeFi

    December 1, 2021

    Bitcoin Price Predictions for 2023 from the Professionals

    January 11, 2023

    Why Is Bitcoin Price Rising? Will the Ascension Continue?

    January 11, 2023

    Iceberg Capital Launches $1 Billion Fund with Venom Foundation

    January 11, 2023

    What is Flare (FLR)? Flare Token Price and Comment

    January 11, 2023

    The end of the road has appeared for the Plus model of the Samsung Galaxy S series! So what’s the reason?

    January 11, 2023

    Mortgage applications increase in the USA, interest rates decrease

    January 11, 2023

    The expectation for the future of the economy is getting worse: The rate of those who have negative expectations about the economy has increased from 50 percent to 71 percent.

    January 11, 2023

    Economists hope lifting of China’s COVID bans will boost 2023 growth better than expected

    January 11, 2023

    Chainlink (LINK) pumps 26% in 6 days — Is there room for more?

    November 8, 2023

    Progmat stablecoin platform takes shape as wallet, liquidity providers join

    November 8, 2023

    NFT sales jump to $129M, OpenSea layoffs and Elon Musk slams NFTs: Nifty Newsletter

    November 8, 2023

    LidoDAO launches official version of wstETH on Base

    November 8, 2023
  • Technology
  • Contact
CryptossorCryptossor
Home»Altcoin»Huobi Global Acquires Latin American Crypto Exchange Bitex
Altcoin

Huobi Global Acquires Latin American Crypto Exchange Bitex

cryptossorBy cryptossorMay 26, 2022No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Email
Share
Facebook Twitter Pinterest Reddit WhatsApp Email



Huobi Global Acquires Latin American Crypto Exchange Bitex

The digital currency exchange Huobi Global has revealed it has acquired Bitex, a Latin American crypto platform that operates in Argentina, Chile, Paraguay, and Uruguay. Huobi details that the company is stepping up its presence in Latin America as it believes the region will be one of the most active crypto adoption areas worldwide.

Huobi Aims to Step Up Its Presence in Latin America, Acquires Local Bitex Exchange

On Thursday, the leading crypto asset exchange Huobi Global announced the company has acquired the Latin American cryptocurrency exchange Bitex. According to the announcement sent to Bitcoin.com News, the terms of the deal between Huobi and Bitex have not been disclosed.

Bitex is an exchange that was founded in 2014 and while Huobi will be the parent company, the trading platform will retain its current branding and management team. Bitex offers digital currency services to residents located in Argentina, Uruguay, Paraguay, and Chile.

“Since Huobi Group first entered the Latin American market, we have seen remarkable growth there and are bullish on our prospects for the region,” Jeffrey Ma, the global head of mergers and acquisitions at Huobi Group said in a statement. “We are pleased to partner with an established player like Bitex, as we look to grow our footprint in Latin America. Our partnership will enable more users to trade with Huobi’s proven security, liquidity, and stability.”

Bitex to Keep Branding and Management, CEO Believes Huobi Will Help Expansion

While Bitex will keep its team and branding, Huobi will integrate the company’s platform with the Bitex system. The integration will give all Bitex customers access to the digital currencies offered by Huobi’s Global’s trading engine.

Huobi has been interested in stepping up its Latin American presence since 2019, when it launched Huobi Argentina. The company notes that from 2019 to 2021, Latin America saw crypto usage rise by 1,370%.

Today, Huobi Global is the fourth largest exchange by crypto trade volume, and in terms of crypto reserves, Huobi is the third largest with $11.7 billion in assets under management (AUM). Bitex CEO Francisco Buero believes Huobi will help the company’s expansion efforts.

“Bitex was founded to protect the value of our users’ money, in the wake of major financial crises in Latin America. Having grown rapidly after eight years of successful operations, we believe our partnership with Huobi Global will not only support our expansion but also help us better serve our customers, enabling them to access a broader range of digital assets on Huobi Global’s platform,” Buero detailed on Thursday.

What do you think about Huobi Global acquiring the Latin American exchange Bitex? Let us know what you think about this subject in the comments section below.



Source link

Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email
Previous ArticlePortuguese Parliament Rejects Crypto Tax Proposals During Budget Debate
Next Article Why the Crypto Industry in Indonesia Is Set to Leapfrog Competing Markets
cryptossor
  • Website
  • X (Twitter)

The most realistic News Of The Crypto [email protected] https://twitter.com/cryptossorcom

Related Posts

Investors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals

May 18, 2023

Report: Well Known Crypto Firms Still Not Adhering to Basic Governance Standards

May 18, 2023

EU Council Adopts New Rules for Europe’s Crypto Markets

May 18, 2023

BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies

May 18, 2023

146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

May 17, 2023

Axie Infinity Origins Breaks Through Apple’s App Store Barrier, Now Accessible to Select iOS Users

May 17, 2023
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Subscribe to Updates

Get the latest sports news from SportsSite about soccer, football and tennis.

Advertisement
Our Picks
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
Don't Miss
Bitcoin

Chainlink (LINK) pumps 26% in 6 days — Is there room for more?

By cryptossorNovember 8, 2023

Chainlink’s (LINK) token has experienced a remarkable 26% surge between Nov. 2 and Nov. 8,…

Progmat stablecoin platform takes shape as wallet, liquidity providers join

November 8, 2023

NFT sales jump to $129M, OpenSea layoffs and Elon Musk slams NFTs: Nifty Newsletter

November 8, 2023

LidoDAO launches official version of wstETH on Base

November 8, 2023

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

Facebook X (Twitter) Pinterest

Type above and press Enter to search. Press Esc to cancel.