Jump to content

Argentinian Exchange Ripio Raises $50 Million in Latest Funding Round Led by DCG - Piracy News and Crypto Updates - InviteHawk - Your Only Source for Free Torrent Invites

Buy, Sell, Trade or Find Free Torrent Invites for Private Torrent Trackers Such As redacted, blutopia, losslessclub, femdomcult, filelist, Chdbits, Uhdbits, empornium, iptorrents, hdbits, gazellegames, animebytes, privatehd, myspleen, torrentleech, morethantv, bibliotik, alpharatio, blady, passthepopcorn, brokenstones, pornbay, cgpeers, cinemageddon, broadcasthenet, learnbits, torrentseeds, beyondhd, cinemaz, u2.dmhy, Karagarga, PTerclub, Nyaa.si, Polishtracker etc.

Argentinian Exchange Ripio Raises $50 Million in Latest Funding Round Led by DCG


XiNFiNiTY
 Share

Recommended Posts

 

Ripio, a Latin American (Latam) exchange headquartered in Argentina, raised $50 million in its latest funding round, led by Digital Currency Group (DCG). The exchange, which has a stronghold in countries like Argentina and Brazil, will use these new funds to further expand to new countries in the area and consolidate its spot as one of the pioneering companies in the crypto exchange business.

Ripio Gets $50 Million in Series B Funding Round

Ripio, one of the biggest cryptocurrency exchanges in Latam, has raised $50 million in its series B funding round, aiming to keep growing in the region. The funding round was led by Digital Currency Group (DCG), the famous New York-based cryptocurrency venture capital firm. The round also had the participation of bitcoin investor Tim Draper, Amplo (investors of Robinhood), Marcos Galperin (CEO of Mercado Libre), and Martin Migoya (CEO of Globant).

These funds will help Ripio to keep growing its brand in Latam, after having acquired Bitcointrade, of the most recognizable exchanges in Brazil, earlier this year. The expansion plan of the exchange includes further cementing its position in current markets while also expanding to other countries like Colombia, Mexico, and Uruguay later this year. About this, Ripio’s CEO, Sebastián Serrano, stated:

This announcement is for us a natural step that allows us to continue expanding and consolidating our products in the region, with the mission of expanding access to the crypto world, building simple tools and offering quality information and resources to facilitate the path to the new digital economy.

Crypto Is Still Fresh for Latam Markets

Ripio wants to capitalize on how new cryptocurrency is to Latam markets. Outside of already-saturated cryptocurrency strongholds like Venezuela, Argentina, and Brazil, the region seems to be an especially fertile ground for new business. Juan Mendez, brand chief of Ripio, stated the company is preparing to announce the acquisition of an exchange in Colombia. Colombia is a country where some crypto firms have made inroads, but it is still in its initial stages when it comes to crypto usage and adoption.

DCG is also confident that the exchange will keep growing in the future, giving access to the cryptocurrency ecosystem to the underbanked in the region. Jason Yacavone, chief investment officer of Digital Currency Group, stated:

Link to comment
Share on other sites

Avoid unnecessary posts such as 'Thank you', 'Welcome', etc. Such posts will be deleted and user will be warned if it happens again. If caught spamming, the following actions are applicable -

  • First time - Warning
  • Second time - 5000 Points will be deducted
  • Third time - Ban for 7 days
  • Fourth time - Permanent Ban

If the post helped you, reward the user by reacting to the post like this -

1.jpg

Link to comment
Share on other sites

The last post in this topic was made more than 14 days ago. Only post in this topic if you have something valuable to add. Irrelevant posts are not allowed and you will be warned/banned for spamming old topics.

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Read this before posting -
  • Only post if you have something valuable to contribute.
  • Avoid unnecessary posts such as 'Thank you', 'Welcome', etc. Such posts will be deleted and you will be warned if it happens again.
  • If the post helped you, reward the user by reacting to the post like this -                      1.jpg
Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Customer Reviews

  • Similar Topics

Ă—
Ă—
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.