Bitso operates as a cryptocurrency-based financial services company. It provides digital cryptocurrency exchange services enabling users to buy and sell cryptocurrencies. It specializes in the fields of Bitcoin, financial technology, and blockchain. Its platform offers its users to make payments using their mobile and other devices. The company was founded in 2014 and is based in Mexico City, Mexico.
ESPs containing Bitso
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The centralized crypto exchanges market refers to a segment of the cryptocurrency industry that involves trading digital assets through a centralized platform. These exchanges are owned and operated by a central authority, which manages the exchange's infrastructure, order book, and user funds. Centralized exchanges typically charge fees for trading, deposits, and withdrawals, and require users to…
Bitso's Products & Differentiators
Bitso Alpha is a professional-grade crypto trading platform for investors. Bitso Alpha allows traders to deposit stablecoins for trading in USD markets, making cryptocurrency useful in everyday trading transactions. A notable feature of Bitso Alpha is the transparent fee structure, allowing investors to make educated decisions with relevant information upfront.
Research containing Bitso
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Bitso in 5 CB Insights research briefs, most recently on Nov 17, 2022.
Expert Collections containing Bitso
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Bitso is included in 5 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
Companies in this collection build, apply, and analyze blockchain and cryptocurrency technologies for business or consumer use cases. Categories include blockchain infrastructure and development, crypto & DeFi, Web3, NFTs, gaming, supply chain, enterprise blockchain, and more.
Excludes US-based companies
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Latest Bitso News
Nov 26, 2023
Business Telegraph November 26, 2023 Nov. 26, 2023 at 3:00 pm XRP could witness a massive selloff in the coming days, as shown by on-chain transfer data. According to transaction alerts from crypto whale tracker Whale Alerts, two whale-sized transactions involving XRP have recently made their way onto cryptocurrency exchanges Bitso and Bitstamp, prompting investors to ponder the reasons behind the transactions and speculate on possible outcomes. Massive transfers by whales can often increase selling pressure if they sell and take profits, which could cascade into the price of the asset, even if only temporary. Whale Transfers 50 Million XRP To Exchanges XRP has gone through consolidation for the past two weeks in the midst of a market lull . According to Coinmarketcap, the altcoin’s trading volume is also down by 43.59% in the past 24 hours. Before this period however, a whale made a transfer of 50 million XRP worth approximately $31 million to exchanges, prompting investors to wonder if this is a part of the ongoing consolidation and if the transfers are a selloff. According to Whale Alerts, a transfer of 25.2 million XRP tokens worth $15.66 million was made to crypto exchange Bitstamp on November 23. Shortly after, 25 million XRP tokens worth $15.55 million were sent to crypto exchange Bitso. Looking into the details of the two transactions on blockchain explorers reveal they were made from the same address “r4wf7e”. Total crypto market cap is currently at $1.4 trillion. Chart: TradingView.com A deeper look reveals address “r4wf7e” received 55.87 million tokens from address “rJgpQR” and then went on a spending spree in the hours after. The next few hours would be full of transactions ranging from 20,000 to 25 million XRP tokens to Bitstamp, Bitso, Independent Reserve, and some private addresses. Speculation On Why The Whale Is Moving XRP Now The transfers into various exchanges have signaled that the whale intends to sell its holdings. However, there could be other reasons for the transfers, which could just be the whale wants to have their XRP readily available on the exchanges without even selling yet. Of course, this is all speculation. There’s no way to know the whale’s exact intentions or how much token they plan to buy or sell, if any. But when amounts this large move onto exchanges, it often signals volatility ahead. On the other hand, data from on-chain analytics platform has shown whales purchased 11 million tokens worth $6.82 million in the just concluded week. The buying spree suggests there could still be a bullish sentiment among some whales. #Ripple | On-chain data shows that #XRP whales have purchased around 11 million $XRP over the past week, worth roughly $6.82 million! pic.twitter.com/VnWpaMoOYR XRP is trading at $0.62 at the time of writing. The cryptocurrency cr ossed over $0.7 again earlier this month but has struggled to continue this momentum. However, according to crypto analyst CryptoInsightUK, the token has a good chance of replicating the 61,000% gain it enjoyed back in 2017 before the SEC lawsuit. Another analyst, Edward Farina, predicted Ripple has the potential to replace the current SWIFT system, at which point XRP could surge to $10,000. Featured image from Pixabay
Bitso Frequently Asked Questions (FAQ)
When was Bitso founded?
Bitso was founded in 2014.
Where is Bitso's headquarters?
Bitso's headquarters is located at Campos Eliseos 400 601-B Col., Mexico City.
What is Bitso's latest funding round?
Bitso's latest funding round is Series C.
How much did Bitso raise?
Bitso raised a total of $314.66M.
Who are the investors of Bitso?
Investors of Bitso include Pantera Capital, Kaszek Ventures, QED Investors, Tiger Global Management, Paradigm and 19 more.
Who are Bitso's competitors?
Competitors of Bitso include eToro, CryptoMate, Dapper Labs, Huobi Global, BlockFi and 7 more.
What products does Bitso offer?
Bitso's products include Bitso Alpha and 2 more.
Compare Bitso to Competitors
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Crypto.com is a leading platform in the cryptocurrency industry. The company offers services that allow users to buy, sell, and trade a wide range of cryptocurrencies including Bitcoin and Ethereum. It primarily serves the financial technology sector. Crypto.com was formerly known as Monaco. It was founded in 2016 and is based in Singapore, Singapore.
Kraken focuses on digital currency exchange. The company provides a platform for trading various digital currencies, including bitcoin, offering a secure and efficient service for its users. Kraken primarily serves the financial technology industry. It was founded in 2011 and is based in San Francisco, California.
CoinZoom is a company that focuses on providing cryptocurrency services in the financial technology sector. The company offers a platform for buying, selling, and trading top cryptocurrencies, as well as a Visa card that allows customers to spend their cryptocurrencies like cash. CoinZoom primarily serves the financial technology industry. It was founded in 2018 and is based in Salt Lake City, Utah.
N.EXCHANGE operates as a platform for the exchange of cryptocurrencies.
Provider of a cryptocurrency-based debit card. The company offers a pre-paid debit card that can be topped up using cryptocurrencies. Currencies can be converted into dollars, euros, or pounds, and be withdrawn from ATMs.