• info@parsalandco.com
  • +989124000464
  • +989127093613
  • Home
  • Startups
  • Departments
    • Application Software Department
    • Architecture Department
    • Construction Department
    • Cryptocurrency Department
    • Decoration Department
    • Digital Investment Department
    • E-Commerce Department
    • Electronic Department
    • Energy Saving Department
    • Health Department
    • IOT Department
    • Mechanical Department
  • Top Projects
    • Green Power Generator
    • Green Marketing
    • Smart Animal Husbandry
  • Blog
  • about us
    • Ethics charter
Menu
  • Home
  • Startups
  • Departments
    • Application Software Department
    • Architecture Department
    • Construction Department
    • Cryptocurrency Department
    • Decoration Department
    • Digital Investment Department
    • E-Commerce Department
    • Electronic Department
    • Energy Saving Department
    • Health Department
    • IOT Department
    • Mechanical Department
  • Top Projects
    • Green Power Generator
    • Green Marketing
    • Smart Animal Husbandry
  • Blog
  • about us
    • Ethics charter

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

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

Project to explore mainstream use of homegrown timber
September 21, 2021
The rise of 5G in buildings
The rise of 5G in buildings
September 22, 2021
September 22, 2021
Categories
  • Blockchain
Tags
  • DCG
  • Ripio

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:

Ripio is an important piece of the digital asset ecosystem and its work is essential to expand access to financial products throughout South America.

Source: bitcoin news

Related post

  • Ripple pins hopes on Biden administration as co-founder sells 28.6M XRP
  • Bitcoin: Here’s why $50,000 will come sooner than expected
  • Ethereum surges to a record high of $2,000
  • Uniswap (UNI) and Compound (COMP) hit new highs as DeFi TVL reaches $27.6B
  • COTI, STASIS integrate Chainlink to bridge CeFi-DeFi
Share
47
Negin Rezaei
Negin Rezaei

Related posts

Nano Water Chip

Nano Water Chip

April 9, 2023

Nano Water Chip


Read more
January 30, 2023

Opportunity job in The Metaverse


Read more
Euphoria Spa

Euphoria Spa

January 16, 2023

Euphoria Spa


Read more
Neuralink brain chip
January 14, 2023

Neuralink brain chip


Read more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

About Us

Parsaland Trading Company with many activities in the fields of import and export, investment consulting, blockchain consulting, information technology and building construction

Departments

  • Application Software
  • Architecture
  • Construction
  • Cryptocurrency
  • Decoration
  • E-Commerce
  • Electronic
  • Energy Saving
  • Health
  • IOT
  • Mechanical

Quick Link

  • Home
  • Startups
  • Blog
  • About Us

Contact Us

  • +989124000464
  • +989127093613
  • info@parsalandco.com
  • parsalandco-company
  • parsalandco_com
  • parsalandco_com