Bitso says it doubled its Latin America customer base in the past year

Quick Take

  • Cryptocurrency exchange Bitso doubled its customer base in the past year to 6 million users. 
  • The company, which operates in Argentina, Brazil, Colombia and Mexico, attributes the increase to growing crypto adoption in the region.

Crypto exchange Bitso doubled its customer base in the past year to more than 6 million customers in Latin America, citing increased crypto adoption in the region.

Bitso is based in Mexico City and licensed in Gibraltar. The exchange operates in Argentina, Brazil, Colombia and Mexico. It now has about 1 million users in Argentina and more than 1 million in Brazil, a spokesperson told The Block. 

Bitso laid off 80 members of its staff in late May as the crypto winter started to set in, saying that the fast-paced crypto industry required it to "constantly remix" its high-value skills. The company currently has 31 open jobs listed on its website. Mercado Bitcoin parent 2TM and Buenbit also announced layoffs this year. 

THE SCOOP

Keep up with the latest news, trends, charts and views on crypto and DeFi with a new biweekly newsletter from The Block's Frank Chaparro

By signing-up you agree to our Terms of Service and Privacy Policy