The Argentine Stock Exchange Ripio procures $ 50 million in the recent round of financing under the direction of DCG-
The Argentine Stock Exchange Ripio procures $ 50 million in the recent round of financing under the direction of DCG-
Ripio, a Latin American (Latam) stock exchange with headquarters in Argentina, has raised $ 50 million in its latest round of financing led by the Digital Currency Group (DCG). The stock exchange, which has a stronghold in countries such as Argentina and Brazil, will use these new means to expand to new countries in the region and to consolidate their place as one of the pioneering companies in the crypto exchange business.
Ripio receives $ 50 million in the financing round of the series B
ripio, one of the largest cryptocurrency exchanges in Latam, has 50 million US dollars in its financing round of Series B with the aim of continuing to grow in the region. The financing round was headed by the Digital Currency Group (DCG), the famous New York cryptocurrency risk capital company. Bitcoin investor Tim Draper, Amplo (Robinhood), Marcos Galperin (CEO of Mercado Libre) and Martin Migoya (CEO from Globant) also took part in the round.
These funds will help Ripio to further expand his brand in Latam after taking Bitcointrade, one of the best -known stock exchanges in Brazil at the beginning of the year. The expansion plan of the stock exchange provides for consolidating their position in the current markets and later expanding to other countries such as Colombia, Mexico and Uruguay this year. Ripios CEO Sebastián Serrano said: This announcement is a natural step for us, which enables us to further expand and consolidate our products in the region, with the mission to expand access to the crypto world, develop simple tools and offer high quality information and resources to facilitate the way to the new digital world. ripio wants to exploit how the new cryptocurrency for the LATAM markets is. Outside of already saturated cryptocurrency assets such as Venezuela, , and and Brazil , the region seems to be a particularly fruitful soil for new business. Juan Mendez, Ripio's brand manager, said the company is preparing to take over an exchange in Colombia. Colombia is a country in which some crypto companies have penetrated, but it is still in the initial phase when it comes to the use and introduction of crypto. DCG is also confident that the stock exchange will continue to grow in the future and give the Lower banks access to the cryptocurrency ecosystem. Jason Yacavone, Chief Investment Officer of the Digital Currency Group, said: ripio is an important part of the ecosystem for digital assets and its work is essential to expand access to financial products across South America. What do you think of Ripio's latest finance? Tell us in the comment area below. Bedy verification : Shutterstock, Pixabay, Wiki Commons crypto is still fresh for Lata markets