Binance launches Latamex a fiat to crypto exchange platform that will target Latin America. The website is still in development and shows a “coming soon”. It also lists the number of countries the services would be launched in the future.
Binance CEO Changpeng Zhao said:
“There is a strong need for cryptocurrencies in Latin America, especially for financial access. Roughly 50 percent of the Latin American population is unbanked, and Latamex is a response to our users’ demands and the current market climate. Working with Settle Network allows us to instantly bridge the gap between fiat and crypto for Latin American traders. We are continuing to build with our key partner, Settle Network, to bring wider accessibility of cryptocurrency in Latin America and will support additional local fiat currencies in the region in the future.”
“Latin America has illustrated one of the largest needs and use cases for blockchain and cryptocurrency adoption,” said Pablo Orlando, founder and CEO of Settle Network, “Partnering with Binance has allowed us to further open fiat gateways for Latin American users together and bring larger adoption forward to provide financial freedom in the region.”
“The crypto industry is still in its early stages and most of the world’s money is still in fiat,” said CZ, “Building fiat gateways is what we need now to grow the ecosystem, increase adoption and introduce crypto to more users.”
From the Blog post of Signum
We are pleased to announce a new partnership with Signum Capital, one of the leading consulting and investment firms in Singapore. This collaboration will allow Signum capital to expand its focus for blockchain companies all the way to Latin America, in the words of partner John Pangilinan “Exploring Latin America”.
Signum is currently one of the top crypto venture capital firms in Asia with the mission to create a thriving ecosystem for the industry of digital markets which is at the verge of experiencing an exponential expansion in Latin America, while we will launch the largest exchange in the region “LatamEx” to embrace this expansion and become the number one player in this new crypto era.
Based on outstanding partnerships, understanding of the culture and banking capabilities in Latin America, LatamEx is positioned to be the largest and most successful crypto exchange and consumer banking solution with FIAT-to-CRYPTO capabilities.
LatamEx currently has access to more than +30 million customers through its partners, cash-in & cash-out locations and a tight relationship with the Buenos Aires Stock Exchange. Additionally, has access to a fully operating banking license and Master Card issuance through a banking partner.
Signum Capital represents a strategic partner for LatamEx, it will definitely boost its expansion, growth capabilities and success.
About Signum Capital
Signum Capital is a Singapore-based firm that exclusively consults in Blockchain-enabled companies. Their mission is to realize the future of Blockchain economy by consulting in game-changing projects and companies. Signum Capital participates in Pre-sale stages of Token Generation Events and Equity Investments. They assist companies in community engagement, pairing them with institutional investors and advisors and making strategic partnerships.