Disclosure
Token Information Disclosure
Trading Data Analysis
$49M
$36M
Asset & Security Disclosure
Platform Information Disclosure
Asset List
| Token | 24H Volume | 7D Volume % | Transparency Rating | Label |
|---|---|---|---|---|
| U USDTTether | $49,230,913,916 | 0.01% | A | |
| B BTCBitcoin | $31,271,823,816 | 11.44% | A | |
| E ETHEthereum | $11,726,071,279 | 14.90% | A | |
| X XRPRipple | $1,949,376,873 | 15.37% | A | |
| N NEARNEAR Protocol | $484,155,364 | 10.00% | A | |
| D DOGEDogecoin | $463,677,798 | 12.40% | B | |
| U UNIUniswap | $402,530,643 | 21.85% | A | |
| A AVAXAvalanche | $296,035,314 | 2.86% | A |
Investment
About Bitso
Bitso is a Latam-compliant exchange founded in Mexico City with a Gibraltar DLT licence, starting with peso funding and US-Mexico remittances and growing Bitso Business into an enterprise stablecoin payout network. Low bank penetration and costly, slow cross-border remittance in the region led it to offer trading and funding rails through a centralised order book and licensed custody, issue the Arbitrum-based peso stablecoin MXNB and connect RLUSD to Ripple's permissioned DEX, abstracting US-Mexico B2B payments into a programmable settlement rail. Compliant custody and local fiat rails are its core assets.
In September 2026 Bitso launched a DEX covering 14 chains; but its moat sits in Latam and the peso corridor, and in the general DEX arena it must compete with global AMMs and aggregators while its custody advantage is hard to replicate in non-custodial trading.
Bitso was founded in Mexico City in January 2014 by Pablo González, Ben Peters and Daniel Vogel, starting with peso funding and US-Mexico remittances and securing a Gibraltar DLT licence in 2019.
In May 2021 Bitso closed a $250 million Series C led by Tiger Global and Coatue at a $2.2 billion valuation, becoming Latin America's first crypto unicorn.
Bitso Business then moved into enterprise stablecoin payouts, and in March 2025 subsidiary Juno issued MXNB, a peso stablecoin on Arbitrum backed one-to-one by peso reserves.
B2B annualized payment volume passed $80 billion by the end of 2025; in June 2026 MXNB was issued on the XRP Ledger and plugged into Ripple's Permissioned DEX alongside RLUSD for the US-Mexico corridor.
In the first quarter of 2026 the self-custody terminal Bitso Onchain finished a beta that handled over $70 million for 32,000 users, then added Hyperliquid perpetuals and flagged a platform token.
In September 2026 Bitso launched the DEX proper, covering 17,000 tokens across 14 chains, and on October 13 listed Western Union's USDPT for peso trading and agent settlement through Bitso Business.
The report showed institutional stablecoin volume up 81% year on year, with 1,900 new business clients in the first half, 60% of them banks or licensed payment providers, while on the retail side digital dollars overtook bitcoin as the most purchased asset for the first time at 40% against 18%.
On October 13 Bitso listed Western Union's USDPT, letting eligible Mexican users buy and sell it directly with pesos and Western Union agents convert it through Bitso Business; the token is issued by Anchorage Digital Bank, runs on Solana and circulates at about 17.8 million. Bitso processed roughly $6.5 billion of remittances to Mexico in 2024, more than a tenth of that corridor, issues its own MXNB stablecoin on the XRP Ledger and operates across Mexico, Brazil, Argentina and Colombia.
Future strategy and roadmap: After the Brazilian retail book migrates to Mercado Bitcoin on the October 30 cutoff, resources shift to Bitso Business and Bitso Onchain: the enterprise arm is opening regulated corridors between Asia and Latin America, launching a real-time payments API for Colombia, and investing up to $250,000 each into Etherfuse, Checker, Latitude and Saf.Money through The Push 2026 accelerator; the trading side is shipping a multi-venue perpetuals aggregator and a native Onchain token, with Season 0 points used to lock in early users and the long-term figure cited for Onchain being up to one billion new users.
Daniel Vogel is co-founder and chief executive, educated at Stanford University and Harvard Business School. He co-founded Xochi Ventures and Bridge Partners, co-founded Bitso in 2014 and drives Latin American expansion.
Ben Peters is co-founder and chief technology officer, with a master's degree in Computer Science from the University of Manchester. He co-founded Bitso in 2014 and has long run engineering and R&D, building the trading, custody and settlement stack.
Pablo Gonzalez is a co-founder and serial entrepreneur who founded Los Dos Uno and Party Pixel. He co-founded Bitso in 2014 and leads interface design and user experience.
Imran Ahmad is chief operating officer. He began his career in fintech and payments operations management and runs day-to-day operations and cross-border payment work across Mexico, Brazil, Argentina and other markets.
Krishna Juvvadi is chief legal officer. He comes from a legal career, heads Bitso's legal and compliance team and handles regulatory engagement and contract risk control.
Bitso applies a maker/taker ladder on spot based on 30-day volume: the peso market starts at 0.600%/0.780% and falls to 0.100%/0.130% above MXN 150 million.
Bitso's USD stablecoin market starts at 0.300%/0.360% and reaches 0.040%/0.050% above USD 30 million.
Bitso's bitcoin-quoted market starts at 0.075%/0.098% and falls to 0.050%/0.065% above 950 BTC.
Oct 2019: Bitso won a Gibraltar Financial Services Commission distributed ledger technology licence for crypto custody. 2020: Nvio Pagos Mexico became Mexico's first authorised electronic payment funds institution. Argentina's securities regulator registered it as a virtual asset service provider.