Bitso acquires European Bitcoin platform Quedex

LatamListBitso, the leading cryptocurrency platform in Mexico, announced the acquisition of Quedex, a European Bitcoin exchange platform.

Bitso is an online platform for selling and purchasing Bitcoin. The startup raised $62M in funding last year, placing them in a strong position to start their plans for regional and global expansion.

Bitso will integrate Quedex into its platform to offer its product to the almost two million customers in Mexico, Argentina, and Brazil.

“We have been looking across the market for the companies with the best technologies and systems to create a scalable business with great potential, and we found this in Quedex. They have built a very impressive platform,” said Daniel Voguel, General Manager of Bitso.

Both Bitso and Quedex are licensed under the Distributed Ledger Technology (DLT) license from the Gibraltar Financial Services Commission (GFSC), which will make the transition for the companies easier for customers.

Read more on El Economista.

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