Bitcoin Boom Town: Mexican Bitcoin Exchange Bitso Secures $2.5 Million Investment Round

Mexican cryptocurrency exchange Bitso has closed a $2.5 million round of investment.
The exchange announced it had closed the round of Series A1 financing earlier this week. Investors include US-based Digital Currency Group (DCG) and Mexico-based firms Monex, Variv Capital, and Xochi Ventures. In a press release about the funding round, DCG’s founder and CEO Barry Silbert announced the reason Bitso was chosen for the investment:
‘We have supported Bitso since their inception as they have built some of the most advanced exchange technology for digital assets and created partnerships that have helped Bitcoin reach a broader audience. The team at Bitso has been an asset to the DCG network of companies, and continue to build innovative new models to help digital currencies fit into the existing financial system in both developed and developing countries using Bitcoin as a global medium of exchange.’
A potential growth spurt for Bitcoin in Latin America
According to Pablo Gonzalez, CEO and co-founder of Bitso, this round of funding is significant because of its debut of involvement from a financial institution from Mexico:

This post was published at Coin Telegraph on 2016-10-01.