Bitso Review Overview
Bitso (Bitso SAPI de CV) launched in 2014 in Mexico City and has grown into Latin America’s largest cryptocurrency exchange, with more than 3 million users across Mexico, Argentina, Brazil, and Colombia. It is one of the few Latin American exchanges to hold licenses in multiple jurisdictions: a Gibraltar Financial Services Commission (GFSC) license under the DLT (Distributed Ledger Technology) regulatory framework, and registration in Mexico under the Fintech Law supervised by the CNBV. Go to Bitso
| Specification | Detail |
|---|---|
| Operating Company | Bitso SAPI de CV |
| Founded | 2014 |
| Regulation | Gibraltar GFSC (DLT); Mexico CNBV (Fintech Law) |
| Users | 3 million+ across Mexico, Argentina, Brazil, Colombia |
Coins and Local Currency Support
Bitso lets users buy, sell, and hold major coins — Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash — alongside stablecoins like TrueUSD and Dai, funded directly in Mexican Peso (MXN) or Argentine Peso via local bank transfer. This local-currency, on-ramp/off-ramp focus is Bitso’s core value proposition in a region where direct fiat access to crypto exchanges can otherwise be limited.
Bitso+
Bitso offers a yield product called Bitso+, letting users earn on held crypto and stablecoins — published figures have cited up to 6% annually in Bitcoin and up to 15% annually in USD-pegged stablecoins, credited weekly. Current rates should be confirmed on Bitso’s site, since yield rates change.
Pros and Cons
| Pros | Cons |
|---|---|
| Multi-jurisdiction regulation (Gibraltar GFSC + Mexico CNBV) | Spot-only — no leveraged or derivatives trading |
| Largest exchange in Latin America by user count | Primary focus on Latin American currencies and users |
| Direct MXN/ARS bank funding | Yield rates (Bitso+) are variable and not guaranteed |
Is Bitso a Broker Worth Considering?
Bitso’s regional scale and genuine multi-jurisdiction regulation make it a comparatively transparent choice for users transacting in Mexican or Argentine currency, though it is a spot-only exchange with no leverage.
FAQ
- Is Bitso regulated?
- Yes, it holds a Gibraltar GFSC DLT license and is registered in Mexico under the Fintech Law (CNBV).
- What currencies does Bitso support?
- Mexican Peso and Argentine Peso for direct funding, alongside major cryptocurrencies.
- Does Bitso offer leveraged trading?
- No, it is a spot-only exchange.
- What is Bitso+?
- A yield product for held crypto and stablecoins.
