North American crypto-trading platform Bittrex is planning to expand its activities by signing a partnership with FINTECH company Cryptofacil. Bittrex announced that they will open together with Cryptofacil the exchange, which will allow the people of Latin America and the Caribbean to trade over 200 cryptocurrencies. At the moment companies offer interested traders to pre-register for the upcoming exchange.
According to co-founder of Cryptofacil Andres Szafran, the company intends to use the experience of the trading platform Bittrex and procedures for the verification tokens.
“We have developed Cryptofacil with an eye to the basic needs of customers: it is affordable and easy to use cryptocurrency platform with high-quality support and additional services that increase the value of basic services and the highest level of protection, said Szafran. – Our goal is to become a full-fledged official crypto exchange and most respected platform in Latin America and the Caribbean”.
According to CEO Bittrex bill Shihara team Cryptofacil in Uruguay has a deep understanding of the markets in Latin America and the Caribbean. The partnership will give Bittrex the opportunity to offer the inhabitants of these countries access to a wider choice of crypto-assets. The company believes that achieving this goal will help her reputation. In addition, according to Chiharu, a partnership with Cryptofacil “will further contribute to the global spread of the” cryptocurrencies.
“As we continue to expand our global presence, this partnership will serve not only to support the blockchain industry, but also for the development of innovative projects using this revolutionary technology,” said Sihara.
In Latin America and the Caribbean a significant portion of the population does not have Bank accounts – according to some estimates, more than 400 million people in this region do not have access to basic financial services. New exchange Cryptofacil will compete for this market with several other companies like Bitso, Ripio, Volabit, Panda Exchange, Bitex and Cryptobuyer.
However, the exchange Bittrex – based Shiharai in 2013, with a daily trading volume of cryptocurrencies in the amount of $ 39 million – believes that she has all the chances to succeed in this field. Moreover, working with the inhabitants of the Caribbean and South America will be only the first project Cryptofacil – according to Bittrex, in the future the company may expand to other regions.