Mapping out the blockchain/crypto ecosystem in Latin America (LATAM)

For years, the Latin American (LATAM) region has been billed as an area primed for high growth for digital assets due to its inadequate financial infrastructure and a number of its countries experiencing high inflation. More recently, private investors in the sector have been zeroed in on the region for investment opportunities.

Most notably, Bitso raised $250 million in which valued the Mexican-based exchange at $2.2 billion, and the Brazillian exchange Mercado Bitcoin raised $200 million during Q3, valuing the firm at $2.2 billion.