Wallets/bitso
Bitso
0 standards supported
Overview
Bitso is Latin America's dominant crypto exchange + cross-border-payments fintech, with 9 million users across Mexico + Brazil + Argentina + Colombia [1, 2, [global-cro]]. 2,000+ B2B clients + active in 7 LATAM countries.
Distinctive Bitso advantage [3]: Local banking rail integration — SPEI (Mexico), Pix (Brazil), COELSA (Argentina), PSE (Colombia) — all free and settle within minutes to 24 hours. Bitso bridges crypto + LATAM fiat rails at scale.
2025 strategic milestones:
- 2025 — Pay with Bitso launch [2]: Merchants accept crypto payments from Bitso users + receive instant fiat or crypto settlement.
- August 2025 — Chilean + Peruvian markets entry [4]: Bitso Business launched 2 stablecoin-powered corporate payment systems.
Bitso is Latin America's most regulated crypto fintech — operating under Mexico's Institución de Fondos de Pago Electrónico (IFPE) license + per-country compliance.
History
2014 — Bitso founded [1] in Mexico City by Daniel Vogel, Pablo Gonzalez, Ben Peters.
2015-2020 — Pan-LATAM expansion [2]: BR + AR + CO.
2021 — $250M Series C at $2.2B valuation; LATAM crypto unicorn.
Sep 2024 — Mexico IFPE license: Distinctive LATAM regulatory milestone.
2025 — Pay with Bitso launch + Chile + Peru entry + stablecoin corporate payments [2, 4].
Ownership & operator
Operating entity: Bitso — Gibraltar-headquartered LATAM crypto fintech (operations spread across Mexico + LATAM).
Co-founders: Daniel Vogel (CEO), Pablo Gonzalez, Ben Peters.
Major investors: Tiger Global + Coatue + Paradigm + Pantera Capital + QED Investors + Kaszek Ventures + Valor Capital Group + a16z.
Regulators: CNBV (Mexico) + CVM (Brazil) + CMF (Argentina) + per-country LATAM crypto regulators; Mexico IFPE license.
Technical integration
| Layer | Description |
|---|---|
| Channels | Bitso mobile app (iOS + Android) + Bitso Web + API |
| Identifiers | Email + phone + crypto wallet address |
| LATAM rails | SPEI (MX) + Pix (BR) + COELSA (AR) + PSE (CO) — all free + minutes-to-24h settlement |
| 2025+ stablecoin corporate | Bitso Business stablecoin-powered corporate payments (Aug 2025+) |
| 2025+ Pay with Bitso | Merchants accept crypto, instant fiat or crypto settlement |
| License | Mexico IFPE + per-country LATAM compliance |
| Countries active | MX + BR + AR + CO + CL + PE + GI |
Users & growth
2025 baseline [1]:
- Users: 9 million across MX + BR + AR + CO
- B2B clients: 2,000+
- Countries active: 7 (post-Chile + Peru 2025 entry)
- 2021 valuation: $2.2B (Series C; unicorn status)
Use cases
LATAM crypto exchange (buy + sell + hold BTC, ETH, stablecoins, others); cross-border-payments via LATAM-fiat-rail bridges (SPEI + Pix + COELSA + PSE); Pay with Bitso merchant crypto-acceptance with instant settlement (2025+); B2B stablecoin corporate payments (Aug 2025+); remittance corridors using crypto + LATAM fiat.
Implementations & partners
Operator: Bitso (Daniel Vogel CEO + Pablo Gonzalez + Ben Peters).
Major investors: Tiger Global, Coatue, Paradigm, Pantera Capital, QED, Kaszek, Valor, a16z.
Major LATAM crypto exchange competitors:
- Mercado Bitcoin (Brazil; largest BR crypto exchange)
- Lemon Cash (Argentina)
- Buenbit (Argentina)
- Coinbase, Binance (global crypto exchanges with LATAM presence)
- [[mercado-pago]] (LATAM super-app; growing crypto integration)
Regulators: CNBV + CVM + CMF + per-country LATAM.
Fun facts
- LATAM's #1 crypto exchange — 9M users across 7 countries.
- Co-founders: Daniel Vogel + Pablo Gonzalez + Ben Peters; 2014 Mexico City.
- $2.2B valuation (Series C 2021) — LATAM crypto unicorn.
- Backed by Tiger Global + Coatue + Paradigm + Pantera + a16z + QED + Kaszek + Valor.
- LATAM-fiat-rail bridges: SPEI (MX) + Pix (BR) + COELSA (AR) + PSE (CO) — all free + minutes-to-24h settlement.
- 2025 Pay with Bitso — merchant crypto-acceptance with instant fiat/crypto settlement.
- August 2025 Chile + Peru entry + Bitso Business stablecoin corporate payments.
- Mexico IFPE-licensed — distinctive LATAM regulatory anchor.
Comparison
| Feature | Bitso | Mercado Bitcoin (BR rival) | Lemon Cash (AR analogous) | [[binance-pay]] (global analogous) | [[coinbase-wallet]] (US/global analogous) |
|---|---|---|---|---|---|
| Operator | Bitso (Daniel Vogel CEO; Tiger Global + Coatue + Paradigm + a16z backed) | Mercado Bitcoin (2x BR crypto exchange) | Lemon Cash | Binance | Coinbase Global (NASDAQ: COIN) |
| Type | LATAM crypto exchange + cross-border-payments fintech + stablecoin corporate (2025+) | BR largest crypto exchange | AR crypto + fiat | Global Binance ecosystem payments | US/global self-custody Web3 wallet |
| Country | MX + BR + AR + CO + CL + PE + GI | Brazil | Argentina | Global | Global |
| Users | 9M users + 2,000+ B2B clients | Major BR crypto | Major AR crypto + 1M+ users | Binance global scale | 100M+ Coinbase users + millions Coinbase Wallet |
| Distinctive | LATAM-fiat-rail bridges (SPEI + Pix + COELSA + PSE all free); 2025 Pay with Bitso; Aug 2025 CL + PE + stablecoin corporate; IFPE-licensed | BR-anchored | AR-anchored | Binance ecosystem | Self-custody Web3 |
Status
Active, LATAM's #1 crypto exchange + cross-border-payments fintech [1, 4]:
- Bitso since 2014.
- 9M users across 7 LATAM countries.
- 2025 milestones: Pay with Bitso launch + Chile/Peru entry + stablecoin corporate payments.
- Mexico IFPE-licensed + per-country LATAM regulated.
- $2.2B 2021 unicorn valuation.
Sources
- 1 Bitso comprehensive guide 2026 — Bitget
- 2 Stablecoin LATAM — Bitso blog
- 3 Bitso #1 LATAM crypto — Twilio
- 4 Bitso Aug 2025 stablecoin — Invezz
- [global-cro] In-corpus: see country reports across MX/BR/AR/CO/CL/PE
Source
Biography extracted from bitso.md. See matrix.md for standards-support matrix if present.