Bitso

Yes. Bitso's Mexican entity (NVIO Pagos México) was the first IFPE (Electronic Payment Fund Institution) authorized by Mexico's CNBV under the Fintech Law, making it the country's first regulated crypto platform. Bitso also holds a Distributed Ledger Technology (DLT) license from the Gibraltar Financial Services Commission (GFSC), obtained in 2019 — the first such license granted to a Latin American crypto platform.

Yes, Bitso is a custodial exchange. Customer funds are segregated from corporate capital and stored in multi-signature, MPC wallets, with the majority in cold storage. Bitso publishes monthly zk-Proof of Solvency audits via the third-party platform Proven, allowing users to verify that reserves match or exceed all customer balances. The platform is ISO/IEC 27001:2022 certified and passed a CCSS v9 Level II audit in late 2025.

No confirmed hack with user fund losses has ever been reported. Minor security events in 2017 and 2018 prompted temporary withdrawal suspensions as a precaution, with all customer funds reported secure both times. A 2020 'data leak' circulating online was traced to stale 2016 data and confirmed to be a scam. Bitso maintains 24/7 threat monitoring and an in-house Web3 threat research unit called Quetzal.

Bitso serves retail users in Mexico, Brazil, Argentina, Colombia, and the United States. Each market integrates with local payment rails: SPEI in Mexico, PIX in Brazil, PSE in Colombia, and CBU/CVU in Argentina. Bitso Business extends cross-border payment infrastructure to businesses in over 35 countries globally, using stablecoins and XRP for near-instant settlements.

Yes. Bitso is one of the leading remittance infrastructure providers in Latin America. Its B2B division powers USD-to-MXN and USD-to-BRL corridors for businesses using stablecoins and XRP, enabling near-instant cross-border settlements at a fraction of traditional wire costs. Bitso also partnered with Circle to offer a USDC-based remittance product and issues MXNB, a 1:1 Mexican peso-backed stablecoin.