$2.2B Bitso Becomes First Crypto Unicorn in Latin America
The Mexico-based company said it is now valued at $2.2 billion, making it the first cryptocurrency company in the region to exceed a value of $1 billion.
Paxful's crypto trading volume in 2021 has more than tripled compared to all of 2020.
The funds, provided by Hacken, Gate.io, Coin DCX and BRZ, will focus on growing the Solana ecosystem in Brazil, India, Russia and Ukraine.
Although Iranian officials confirmed arresting members of Estavi’s company, it is unclear if the Malaysia-based businessman was one of those detained.
Brazil's largest crypto exchange, Mercado Bitcoin, has already traded $5 billion in the first quarter of 2021 alone compared to $1.2 billion in all of 2020.
The country is rushing to regulate the crypto market after two local crypto exchanges went offline in April.