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  • Argentinian Exchange Ripio Raises $50 Million in Latest Funding Round Led by DCG

     Japo_Japo updated 2 months, 2 weeks ago 1 Member · 1 Post
  • Japo_Japo

    September 22, 2021 at 6:56 am

    Ripio, a Latin American (Latam) exchange headquartered in Argentina, raised $50 million in its latest funding round, led by Digital Currency Group (DCG). The exchange, which has a stronghold in countries like Argentina and Brazil, will use these new funds to further expand to new countries in the area and consolidate its spot as one of the pioneering companies in the crypto exchange business.

    Ripio Gets $50 Million in Series B Funding Round

    Ripio, one of the biggest cryptocurrency exchanges in Latam, has raised $50 million in its series B funding round, aiming to keep growing in the region. The funding round was led by Digital Currency Group (DCG), the famous New York-based cryptocurrency venture capital firm. The round also had the participation of bitcoin investor Tim Draper, Amplo (investors of Robinhood), Marcos Galperin (CEO of Mercado Libre), and Martin Migoya (CEO of Globant).

    These funds will help Ripio to keep growing its brand in Latam, after having acquired Bitcointrade, of the most recognizable exchanges in Brazil, earlier this year. The expansion plan of the exchange includes further cementing its position in current markets while also expanding to other countries like Colombia, Mexico, and Uruguay later this year. About this, Ripio’s CEO, Sebastián Serrano, stated:

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