VC-Backed Crypto Exchange Mexo Launches in Latin America

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Cryptocurrency exchange Mexo, developed with Latin American users in mind, launched on Thursday, backed by global venture capital firm and blockchain incubator Krypital Group. 

  • According to a statement from the firm, Mexo will offer a range of services to its Latin American users including spot trading, contract trading, P2P lending, and a trading academy.
  • Mexo’s chief marketing officer, David Yao, said the services were developed because crypto users in Latin America have said they were looking to access more advanced products through a convenient mobile application.
  • Mexo, together with its Spanish language website, is designed to meet the growing demand for digital assets in Mexico and the rest of Latin America, the firm said in its statement.
  • The exchange launched at 6:00 p.m. Mexico City Time (11 p.m. UTC) on Aug. 20. 

Read More: Why it’s Time to Pay Attention to Mexico’s Booming Crypto Market

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