Chilean Crypto Exchange Buda.com launched in Argentina

Buda.com has opened in Argentina, providing 4 cryptos: pocessing in 3 other countries, the exchange claims Argentina may become its most important market
30 May 2018   1964

Chilean cryptocurrency exchange Buda.com started operations in Argentina on May 28. Presently working in Peru, Colombia, Chile and now Argentina, Buda.com has more than 80,000 users. 

Cryptocurrencies can have a positive effect on the functioning of the Argentine financial industry and, particularly, on giving access and lowering the uncertainty of users and how they interact economically on the Internet.
Pablo Chávez
General Manager, Buda.com

Chávez reported that initially “the cryptocurrencies that will be available will be bitcoin, ether and bitcoin cash,” but the company will also soon support litecoin.  “Initially we will be offering the market service, providing the platform for users who want to buy or sell cryptocurrencies in Argentine pesos.” 

One of the main differences we see with the rest of the region, is that in Argentina there is a community around cryptocurrencies, which have been working for years with a process of education and closeness to banking entities.
Pablo Chávez
General Manager, Buda.com

Concerning the firm’s venture into the Argentine market, Chávez supposes that Buda.com “should become one of the largest in the Latin American continent,” adding that he awaits its transaction volumes to reach “close to USD 20 million per month by the end of 2018.”

At the same time, at its homeland, Buda.com is struggling to gain its bank accounts reopened. The cyptocurrency rexchange filed a lawsuit against ten banks in April after they shuttered the accounts of crypto exchanges.

Binance to Add WeChat and Alipay Support

According to the anonymous sources of The Block, the feature is in the testing stage for Android users
10 October 2019   114

Binance Exchange will add support for the largest Chinese payment systems WeChat and Alipay.

Referring to informed sources, The Block reported that this option is currently being tested for Android users, and will soon become available for iOS and the desktop version of the trading platform.

Note that in China, the activities of cryptocurrency exchanges were officially banned at the end of 2017. However, residents of the country are actively using P2P and OTC platforms to buy bitcoin.