Bittrex Announces New Expansion into South America

Bittrex Announces New Expansion into South America

US-based cryptocurrency exchange Bittrex is partnering with a new Uruguayan fintech company Cryptofacil to offer customers in Latin America and the Caribbean the opportunity to trade over 200 digital tokens across over 270 trading pairs.

Whilst the new project will employ Bittrex’s trading platform technology, Cryptofacil team will cover customer operations, including compliance, customer support, marketing, sales and customised development.

“CRYPTO EXCHANGE OF RECORD”

Speaking about the partnership, co-founder of Cryptofacil, Andres Szafran, said “We developed Cryptofacil to focus on basic customer requirements: a simple and easy to use cryptocurrency platform with superior customer support and value-added services in a safe and secure environment. Our goal is to become the crypto exchange of record and the most reputable platform in Latin America and the Caribbean.”

Bittrex CEO Bill Shihara believes the new venture will help drive the adoption of digital assets and that “…it is partnerships like this one that will serve to not only support the blockchain industry, but also to incubate innovative projects using this revolutionary technology.”

Well known within the industry, Bittrex was founded in 2014 but is not yet classed as a regulated exchange under US Securities law.