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Bitfinex Partnership Boosts Cryptocurrency Adoption in Latin America

Andras Crow-Hreidar by Andras Crow-Hreidar
May 29, 2023
in Crypto
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Bitfinex, a digital asset platform, has released an announcement of a new partnership with Chile-based cryptocurrency exchange OrionX .The investment intends to support local education programs and initiatives focused on financial freedom and inclusion in Latin America, as Bitfinex investiagtes ways to drive wider cryptocurrency adoption in the region .

 

Bitfinex’s Ongoing Efforts in Latin America

Bitfinex’s collaboration with OrionX follows the recent addition of an operating license in El Salvador ,which allows Bitfinex Securities to issue and trade secondary assets in compliance with local governance .Additionally Bitfinex sponsored a coding boot camp for women in Paraguay, highlighting their commitment to promoting technological skills and inclusivity .

Bitfinex-Partnership-Boosts-Cryptocurrency-Adoption-in-Latin-America-

 

Growing Crypto Market and Developments in Latin America

Latin America has witnessed significant growth in the cryptocurrency market, which attracted the attention of foreign investors .According to the Chainalysis Global Adoption Index for 2022, the region accounted for 9.1% of the global value of crypto received, ranking it seventh globally .Notably several Latin American countries, including Brazil, Argentina, Colombia, Ecuador and Mexico are listed among the top thirty countries in the index.

 

In recent developments, Coinbase expanded its services in Brazil through local partnerships, even offering Portuguese customer support and streamlined onboarding processes .In Argentina the country’s securities regulator approved a Bitcoin futures index, marking an important milestone for cryptocurrency adoption in the region .Additionally a partnership between stablecoin issuer Tether and platform KriptonMarket enables support for USDT transactions in Argentina’s Central Market, promoting the use of cryptocurrencies in the country.

 

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Andras Crow-Hreidar

Andras Crow-Hreidar

Hi there, my name is András and I'm a business and finance journalist living in Norway. My passion lies in uncovering the latest stories in the world of finance and delivering them to my readers in a way that's clear and engaging. I cover a wide range of topics in the finance world, including cryptocurrencies, which I believe have the potential to transform the way we interact with money and financial systems. As a journalist, I'm committed to providing my readers with accurate and reliable reporting. I believe that access to high-quality information is essential for making informed decisions, whether it's about personal finances or investments. When I'm not writing about finance, I enjoy a variety of hobbies and interests.

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