Bittrex, one of the premier crypto exchanges in the U.S. has joined forces with Cryptofacil, a South American digital asset trading platform in a bid to provide an efficient and secure crypto ecosystem in South America (LATAM) and the Caribbean.
According to a press release published on September 5, 2018, the two firms will work in unison to launch a crypto trading platform with an option to trade in more than 200 cryptocurrencies.
Best of Both Worlds
This coalition is expected to provide a unique mix of Bittrex’s vast crypto catalog along with Cryptofacil’s invaluable understanding of the local market dynamics, legal compliance and customer support. Interested crypto enthusiasts can pre-register for an account here.
Andres Szafran, co-founder Cryptofacil sees the partnership as a stepping stone for both the companies to make their presence felt in the South American and Caribbean crypto market. He added that alliance with Bittrex will open a door to more than 270 token pairings for Cryptofacil, thus providing more convenience and options for the customers to choose from.
Andres stated, “We developed Cryptofacil to focus on basic customer requirements: a simple and easy to use cryptocurrency platform with superior customer support and value-added services in a safe and secure environment. Our goal is to become the crypto exchange of record and the most reputable platform in Latin America and the Caribbean.”
Sharing similar sentiments was Bittrex CEO Bill Shihara. He shared his thoughts regarding the intercontinental collaboration saying that both the firms will work together to foster a safe, fast and reliable crypto mechanism in the LATAM region. The trading platform will regularly feature some of the world’s most innovative DLT based projects.
“As we continue expanding our global footprint, it is partnerships like this one that will serve to not only support the blockchain industry but also to incubate innovative projects using this revolutionary technology.”
While its northern sibling has been rather apprehensive towards the full-fledged adoption of cryptocurrencies, South America has amassed considerable crypto history in short time.
The ongoing currency crisis in Venezuela has dominated international affairs for quite some time now. BTCManager reported on July 26, 2018, that the South American country has put faith in its own oil-backed cryptocurrency ‘Petro’ in order to circumvent the hyperinflation catastrophe.
Another South American country, Argentina has shown a pro-crypto attitude till now. On June 7, 2018, a few NGOs organized a nationwide cryptocurrency campaign to instill awareness about digital currencies among the masses.