Bitso expands to Peru and Chile
The Mexican cryptocurrency exchange Bitso confirmed its expansion to Peru and Chile as part of its strategy to strengthen its presence in Latin America and simplify cross-border commercial operations.
The announcement was made during the Stablecoin Conference Latam 2025, which brought together more than 1,800 attendees and representatives from more than 800 companies. The novelty was presented by Bitso Business, the B2B division of the company specializing in providing infrastructure for local and international payments.
With this expansion, the platform will offer companies in Peru and Chile financial solutions that accelerate their operations and reduce costs through the use of cryptocurrencies.
In addition to its landing in Peru and Chile, Bitso introduced new products designed to enhance the use of stablecoins in the corporate sphere. Among them are FXaaS, a service that allows companies to provide their customers with foreign exchange operations, and Pay with Bitso, a tool that makes it easier for companies to accept payments in cryptocurrencies.
Imran Ahmad, CEO of Bitso Business, said during the event that with this initiative, they remain faithful to their mission to transform the way companies move money across borders, currencies, and systems.
“We have more than a decade of experience offering technological infrastructure and liquidity to facilitate local and cross-border payments in Argentina, Brazil, Colombia, Mexico, the United States, and Europe, and we are now pleased to add Chile and Peru as well,” he said, making the news public.
The entry of Bitso in Peru and Chile takes place in an expanding market, where recognized platforms that have already promoted the adoption of digital assets in the region already operate.
In Peru, cryptocurrency exchanges such as Binance, Buda, Coinbase, CryptoMarket, and Bit2Me offer support for Peruvian soles (PEN) and facilitate local transactions, while in Chile, Buda, Binance, Kraken, OKX, and CryptoMarket are among those that operate by allowing change to Chilean pesos (CLP).
In addition to Bitso’s sum to these countries, as reported by CryptoNoticias, the company announced at the beginning of the month Bitso Onchain, its decentralized exchange (DEX) that will allow users to operate without intermediaries and maintain control of their funds through private keys and smart contracts.
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