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Mexico’s First Bitcoin Exchange, Bitso, Launches

Avatar Jayanand Sagar 5 years ago

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It was over a month ago that we last spoke about Bitso, Mexico’s first bitcoin exchange. Today, the service has launched (in beta).

As you can probably imagine, the exchange will allow investors to purchase bitcoin with the Mexican Peso and of course convert from bitcoin to Peso without hassle.

“Bitso is passionate about the future of Bitcoin, and bringing to Mexico a safe, secure and easy to use platform for trade and remittance via this exciting new medium,” the company said in a March announcement.

Things are very much still getting started on the exchange, as expected. Most of the buys and sells would be qualified as micro transactions, with a 24-hour volume listed as 0.12 BTC.

Given more time, Bitso could very well be the place to trade bitcoin with the peso.

“Bitcoin is a global currency, which enables immediate transactions directly between two people, no matter where they are in the world. Fully realized, Bitcoin will fuel a truly global economy, since it has the potential to give the general public access to the kind of financial tools that, until now, have only been available to banks,” said CEO and co-founder of Bitso Pablo González Delezé last month. “We built Bitso to promote and develop this exciting technological achievement in Mexico – a country tipped as one of the next economic powerhouses.”

While the platform is in beta, trading fees are not applicable. Though a verification issue caused by a third-party provider caused a slight hiccup today, all appears to be normal at this time.

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