Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina.
Already active in 110 countries and 21 U.S. states, OKCoin USA CEO Tim Byun told Bitcoin Magazine that he is not worried about market volatility as they launch on a new continent:
“Overall, we are very bullish on the cryptocurrencies markets throughout the world and in Latin America in particular.
Argentina's largest futures market has aired plans to offer bitcoin services to investors.
According to a Bloomberg report today, the Latin American country's Mercado de Termino de Rosario (Rofex) is focusing on how it might offer cryptocurrency futures as part of its suite of offerings.
Bitcoin startup Ripio has raised $31 million in an advanced sale for a forthcoming blockchain network.
Formerly known as BitPagos, the Argentinian startup is raising the funds to build what it calls the Ripio Credit Network, which will utilize as an ethereum token as a medium of exchange between lenders and borrowers. Ripio is now planning to launch the next phase of its sale on October 24, and the concept has drawn a notable cast of backers.
Investors in the pre-sale included FBG Capital, early ethereum advisor Steve Nerayoff (as well as his venture firm Maple Ventures) and Blacktower Capital, among others.