Bitso
Bitso is a Latin American cryptocurrency exchange originating in Mexico.[1] The site describes a mobile app for buying and selling more than 100 cryptocurrencies, and for investing in stocks, with funding in local currencies such as the Mexican peso, the Brazilian real, and the Argentine peso.[2]
Trading and transfers
The buy-and-sell pages describe one-tap purchases, recurring buys, and target-price orders. Deposits are listed in Mexican pesos, a dollar balance the site calls Digital USD, Brazilian reais, and Argentine pesos.[2] Bitso Alpha is the advanced order screen. It offers market, limit, stop-loss, and stop-limit orders, charts supplied by TradingView, and trading in more than 100 assets.[3] The fees page says commissions fall as 30-day volume rises and use a maker-taker schedule that differs by trading book.[4]
The transfer pages describe crypto withdrawals, US dollar deposits by ACH or wire into a virtual USD account, and conversion into what the site calls Digital Dollars (USDC). Transfers between Bitso users are described as instant and free.[5] A separate earnings screen says eligible balances can earn a weekly yield, with credits each Monday and withdrawals available at any time.[6] The stocks page says the app lists more than 5,000 stocks and ETFs, including fractional shares bought with pesos, and presents the product as access to U.S. stocks.[7]
The homepage also links to onchain.cc, which it calls an independent self-custody platform built by Bitso and operated by Nvio Pagos El Salvador, with more than 300 perpetual markets.[1]
Bitso Business and MXNB
Bitso Business markets cross-border payments, local pay-ins and payouts, and treasury tools for businesses in Latin America. It names local rails including Pix, SPEI, and ACH. It also describes a request-for-quote tool for high-volume trades in crypto, stablecoins, and local currencies, with execution through its over-the-counter desk, and post-trade settlement for eligible clients that provides virtual balances for large orders without capital up front.[8]
MXNB is a stablecoin issued by Juno, a Bitso company, and pegged 1:1 to the Mexican peso.[9] The product page says each token is backed by pesos and cash equivalents held at regulated institutions, with quarterly attestations by independent third parties. It says customers mint MXNB by depositing pesos through SPEI and redeem it to a Mexican bank account, and it lists Arbitrum, Ethereum, and Avalanche as networks. The business overview also names BRL1 as a Brazilian-real stablecoin.[8]
Regulation
Public pages are offered by The Badger Technology Company Limited, which the site footer calls Bitso International.[2] The Gibraltar Financial Services Commission register lists that company under the trading name Bitso International. The entry gives incorporation number 117775, an incorporation date of 21 August 2018, and an address at Unit 3.5, Madison Building, Midtown, Queensway, Gibraltar, with website bitso.com. The summary records a restriction titled "Variation of a permission (FSA 2019)" and does not set out the varied terms. The permitted activity shown is providing distributed ledger technology services. The register's other-information text says this covers a secondary market for virtual assets, custody, specified customer rewards, staking, specified broker-dealer services, OTC services, and leverage trading.[10]
The Bitso trust page says the firm holds a GFSC distributed ledger technology licence and links that register entry. It says Mexican-peso payments are handled by Nvio Pagos México, S.A.P.I. de C.V., an Institución de Fondos de Pago Electrónico licensed under Mexico's Fintech Law. It says operations in Brazilian reais are carried out by Nvio Brasil Bitso Instituição de Pagamento Ltda., regulated by the Central Bank of Brazil, and that Argentine-peso transactions are handled by Nvio Pagos Argentina S.A.U., regulated by the Central Bank of Argentina. Colombian-peso services are attributed to Nvio Pagos Colombia S.A.S.[11]
The same page says customer crypto is kept in segregated multi-signature wallets, that reserves are checked in monthly third-party audits using zero-knowledge technology, and that the firm is certified to ISO/IEC 27001:2022.[11]
See also
External links
- Bitso
- Bitso Business
- Bitso Business: MXNB
- Bitso: trust and compliance
- GFSC: The Badger Technology Company Limited