Mexico-based crypto exchange operator, Bitso, has secured $62 million in a Series B funding round. According to a press release shared with The Block, the funding round was led by QED Investors and Kaszek Ventures. Other participants in the Series B round are Coinbase and Pantera Capital.
According to , the crypto exchange company will use the raised funds to push its expansion into Brazil. Bitso CEO Daniel Vogel confirmed the expansion plans in an interview with The Block.
The CEO stated that the firm already has institutional clients and “large traders” that it provides service to. He added:
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