• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
Bitcoinist.com
No Result
View All Result
Crypto
Nexo

Argentinian Crypto Exchange Buenbit Raises $11 Million To Expand Operations In The Continent

Hououin Kyouma by Hououin Kyouma
1 year ago
in Crypto News
0
Advertisement

Buenbit, an Argentina based crypto exchange, has raised $11 million in a funding round. The firm plans to expand operations in Latin America.

Crypto Exchange Buenbit Raises $11 Million

The platform announced on Monday that it has raised $11 million in a Series A funding round led by Libertus Capital.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Other members of the funding round included FJ Labs, Amaiya Management, Alec Oxenford (the founder of OLX), and Galaxy Digital.

Buenbit is a crypto exchange platform that allows users to buy and sell cryptocurrencies. It also offers returns on a stablecoin called DAI.

According to Federico Ogue, the CEO of Buenbit, the firm plans to use half of the funds to expand operations outside of Argentina.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

Currently, the company expects to start operations in other Latin American countries like Colombia, Peru, Brazil, and Mexico by the end of 2021.

Related Reading | Crypto Entrepreneurs From Paraguay Chip In: Is A Bitcoin Law In The Cards?

What is the best crypto casino in July 2022? Read our comprehensive comparison! We made deposits, played and reviewed 80+ crypto casinos to choose the best one.

With the help of these expansions, the platform should be able to reach one million users, as pointed out by the press release. Right now, they have a little under 380k registered users so that the growth would mean a 165% raise.

It should be noted that Buenbit Pro, the platform’s corporate business unit, is already available in Peru. The app for individual investors will launch in August, according to Ogue.

The other half of the funding will go towards adding more professionals to Buenbit for varous platform improvements.

According to Ogue, the crypto exchange also plans to host USDC, USDT, and Binance USD listings. Along with that, the platform will have investment products related to Bitcoin and Ethereum as well.

Around 60% of the comapny’s trading volume is a single stablecoin, DAI. Here is what Ogue says about stablecoins and Buenbit:

We seek to be a benchmark company in stablecoins in Latin America. We believe that growth in the region will come from that side.

Bitcoin Price

At the time of writing, BTC floats around the $33k mark. The crypto is down more than 2% in the last 7 days. While over the last month, the coin has dropped 7% in value.

Related Reading | Grayscale’s Fund Becomes SEC Reporting Company, One Step Closer To A Bitcoin ETF?

Here is how the price chart of Bitcoin looks like over the past 6 months:

Bitcoin Crypto Pricechart

Bitcoin seems to be on a slight downward trend | Source: BTCUSD on TradingView

The crypto has behaved as a range bound market over the past few weeks now, with its value barely moving much. In fact, Bitcoin’s market volatility has dropped to the lowest point since the start of the year.

It’s unclear when BTC will be able to break out of this stagnation phase, and which direction the market will go once it does.

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Hououin Kyouma

Hououin Kyouma

Loves to write, enthusiastic about cryptocurrency. Currently studying Physics at university.

Related Posts

Crypto payments Vitalik Buterin

Here’s Why Vitalik Buterin Believes Crypto Payments Will Become Mainstream

2 hours ago
Hodlnaut Halts Customer Withdrawals, Becomes Latest Exchange To Plunge Into Crisis

Hodlnaut Halts Customer Withdrawals, Becomes Latest Exchange To Plunge Into Crisis

3 hours ago
Celsius Network

Celsius Withdraws Motion To Hire Ex-CFO Following Backlash From The Community

8 hours ago
Tornado Cash Crypto

Why The US Treasury Sanctioned Crypto Exchange Tornado Cash

8 hours ago
Crypto

Why Does Binance Recommend Shifting Your Crypto From WazirX To Binance

24 hours ago
Howard Subsidiary Raises $1B For Crypto Investments Amid Bear Market

Brevan Howard Subsidiary Raises $1B For Crypto Investments Amid Bear Market

1 day ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.