# Bitso

> Source: https://docs.barcoder.ai/docs/wallets/bitso
> research date 2026-05-29 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Bitso — official](https://bitso.com/)

## Overview

**Bitso** is **Latin America's dominant crypto exchange + cross-border-payments fintech**, with **9 million users across Mexico + Brazil + Argentina + Colombia** <sup>[1][1], [2][2], [global-cro]</sup>. **2,000+ B2B clients** + active in 7 LATAM countries.

**Distinctive Bitso advantage** <sup>[3][3]</sup>: **Local banking rail integration** — **SPEI (Mexico), Pix (Brazil), COELSA (Argentina), PSE (Colombia)** — all **free and settle within minutes to 24 hours**. Bitso bridges **crypto + LATAM fiat rails** at scale.

**2025 strategic milestones**:
- **2025 — Pay with Bitso launch** <sup>[2][2]</sup>: Merchants accept crypto payments from Bitso users + receive **instant fiat or crypto settlement**.
- **August 2025 — Chilean + Peruvian markets entry** <sup>[4][4]</sup>: Bitso Business launched 2 stablecoin-powered corporate payment systems.

Bitso is **Latin America's most regulated crypto fintech** — operating under **Mexico's Institución de Fondos de Pago Electrónico (IFPE)** license + per-country compliance.

## History

**2014 — Bitso founded** <sup>[1][1]</sup> in Mexico City by **Daniel Vogel, Pablo Gonzalez, Ben Peters**.

**2015-2020 — Pan-LATAM expansion** <sup>[2][2]</sup>: BR + AR + CO.

**2021 — $250M Series C** at $2.2B valuation; LATAM crypto unicorn.

**Sep 2024 — Mexico IFPE license**: Distinctive LATAM regulatory milestone.

**2025 — Pay with Bitso launch + Chile + Peru entry + stablecoin corporate payments** <sup>[2][2], [4][4]</sup>.

## Ownership & operator

**Operating entity**: **Bitso** — Gibraltar-headquartered LATAM crypto fintech (operations spread across Mexico + LATAM).

**Co-founders**: **Daniel Vogel (CEO), Pablo Gonzalez, Ben Peters**.

**Major investors**: **Tiger Global + Coatue + Paradigm + Pantera Capital + QED Investors + Kaszek Ventures + Valor Capital Group** + **a16z**.

**Regulators**: **CNBV (Mexico)** + **CVM (Brazil)** + **CMF (Argentina)** + per-country LATAM crypto regulators; **Mexico IFPE license**.

## Technical integration

| Layer | Description |
|---|---|
| **Channels** | Bitso mobile app (iOS + Android) + Bitso Web + API |
| **Identifiers** | Email + phone + crypto wallet address |
| **LATAM rails** | **SPEI (MX) + Pix (BR) + COELSA (AR) + PSE (CO)** — all free + minutes-to-24h settlement |
| **2025+ stablecoin corporate** | Bitso Business stablecoin-powered corporate payments (Aug 2025+) |
| **2025+ Pay with Bitso** | Merchants accept crypto, instant fiat or crypto settlement |
| **License** | Mexico IFPE + per-country LATAM compliance |
| **Countries active** | MX + BR + AR + CO + CL + PE + GI |

## Users & growth

**2025 baseline** <sup>[1][1]</sup>:
- **Users**: 9 million across MX + BR + AR + CO
- **B2B clients**: 2,000+
- **Countries active**: 7 (post-Chile + Peru 2025 entry)
- **2021 valuation**: $2.2B (Series C; unicorn status)

## Use cases

LATAM crypto exchange (buy + sell + hold BTC, ETH, stablecoins, others); cross-border-payments via LATAM-fiat-rail bridges (SPEI + Pix + COELSA + PSE); Pay with Bitso merchant crypto-acceptance with instant settlement (2025+); B2B stablecoin corporate payments (Aug 2025+); remittance corridors using crypto + LATAM fiat.

## Implementations & partners

**Operator**: **Bitso** (Daniel Vogel CEO + Pablo Gonzalez + Ben Peters).

**Major investors**: Tiger Global, Coatue, Paradigm, Pantera Capital, QED, Kaszek, Valor, a16z.

**Major LATAM crypto exchange competitors**:
- **Mercado Bitcoin** (Brazil; largest BR crypto exchange)
- **Lemon Cash** (Argentina)
- **Buenbit** (Argentina)
- **Coinbase**, **Binance** (global crypto exchanges with LATAM presence)
- **[Mercado Pago](https://docs.barcoder.ai/docs/wallets/mercado-pago)** (LATAM super-app; growing crypto integration)

**Regulators**: **CNBV + CVM + CMF + per-country LATAM**.

## Fun facts

- **LATAM's #1 crypto exchange** — 9M users across 7 countries.
- **Co-founders**: Daniel Vogel + Pablo Gonzalez + Ben Peters; 2014 Mexico City.
- **$2.2B valuation (Series C 2021)** — LATAM crypto unicorn.
- **Backed by Tiger Global + Coatue + Paradigm + Pantera + a16z + QED + Kaszek + Valor**.
- **LATAM-fiat-rail bridges**: SPEI (MX) + Pix (BR) + COELSA (AR) + PSE (CO) — all free + minutes-to-24h settlement.
- **2025 Pay with Bitso** — merchant crypto-acceptance with instant fiat/crypto settlement.
- **August 2025 Chile + Peru entry** + Bitso Business stablecoin corporate payments.
- **Mexico IFPE-licensed** — distinctive LATAM regulatory anchor.

## Comparison

| Feature | Bitso | Mercado Bitcoin (BR rival) | Lemon Cash (AR analogous) | [Binance Pay](https://docs.barcoder.ai/docs/wallets/binance-pay) (global analogous) | [Coinbase Wallet (Smart Wallet)](https://docs.barcoder.ai/docs/wallets/coinbase-wallet) (US/global analogous) |
|---|---|---|---|---|---|
| Operator | **Bitso (Daniel Vogel CEO; Tiger Global + Coatue + Paradigm + a16z backed)** | Mercado Bitcoin (2x BR crypto exchange) | Lemon Cash | Binance | Coinbase Global (NASDAQ: COIN) |
| Type | **LATAM crypto exchange + cross-border-payments fintech + stablecoin corporate (2025+)** | BR largest crypto exchange | AR crypto + fiat | Global Binance ecosystem payments | US/global self-custody Web3 wallet |
| Country | MX + BR + AR + CO + CL + PE + GI | Brazil | Argentina | Global | Global |
| Users | **9M users + 2,000+ B2B clients** | Major BR crypto | Major AR crypto + 1M+ users | Binance global scale | 100M+ Coinbase users + millions Coinbase Wallet |
| Distinctive | **LATAM-fiat-rail bridges (SPEI + Pix + COELSA + PSE all free); 2025 Pay with Bitso; Aug 2025 CL + PE + stablecoin corporate; IFPE-licensed** | BR-anchored | AR-anchored | Binance ecosystem | Self-custody Web3 |

## Status

**Active, LATAM's #1 crypto exchange + cross-border-payments fintech** <sup>[1][1], [4][4]</sup>:
- **Bitso** since 2014.
- **9M users across 7 LATAM countries**.
- **2025 milestones**: Pay with Bitso launch + Chile/Peru entry + stablecoin corporate payments.
- **Mexico IFPE-licensed + per-country LATAM regulated**.
- **$2.2B 2021 unicorn valuation**.

## Sources

[1]: https://www.bitget.com/academy/bitso-cryptocurrency-exchange-and-wallet-2026-comprehensive-guide-for-america-users "Bitso comprehensive guide 2026 — Bitget"
[2]: https://blog.bitso.com/blog/stablecoin-in-latin-america "Stablecoin LATAM — Bitso blog"
[3]: https://customers.twilio.com/en-us/bitso "Bitso #1 LATAM crypto — Twilio"
[4]: https://invezz.com/news/2025/08/30/latam-crypto-news-bitso-expands-with-stablecoin-payment-solutions-as-el-dorado-enters-bolivia/ "Bitso Aug 2025 stablecoin Chile Peru — Invezz"

- [1] [Bitso comprehensive guide 2026 — Bitget][1]
- [2] [Stablecoin LATAM — Bitso blog][2]
- [3] [Bitso #1 LATAM crypto — Twilio][3]
- [4] [Bitso Aug 2025 stablecoin — Invezz][4]
- [global-cro] In-corpus: see country reports across MX/BR/AR/CO/CL/PE

## Source

Biography extracted from [bitso.md](https://docs.barcoder.ai/source/wallets/bitso). See `matrix.md` for standards-support matrix if present.