CryptoMarket is present in important markets such as Chile, Argentina, Brazil and Peru, and currently has more than 620,000 users.
Chilean fintech CryptoMarket announced the start of its operations in Colombia as part of its regional expansion plan. The platform had transactions of more than $400 million during the first quarter of 2022, and since its inception in 2016, it has grown in the global market, with annual increases in its user base and transaction volumes.
CryptoMarket’s Expectations regarding Colombia
CryptoMarket sees Colombia as a strategic country to strengthen its growth plan in Latin America, not only because of its geographical position, but also because Colombia is the tenth country in the world with the largest cryptocurrency transaction and the second in the region after Venezuela. According to the latest United Nations report on Trade and Development for June 2022. In fact, CryptoMarket expects to reach more than 10,000 active users in Colombia by the end of its first year of operations.
“We are taking a big step for the Colombian financial industry by creating state-of-the-art technological financial infrastructure, which will make it easier for thousands of people and companies in this country to access the new world of decentralized finance, allowing them to buy and settle cryptocurrencies directly with Colombian pesos instantly, with liquidity that ensures competitive prices, even in the face of large operations”, mentions Francisco Sáez, CEO of CryptoMarket.
CryptoMarket’s Reputation and History…To Move Forward
CryptoMarket today has a wide range of cryptocurrencies, managing around 50 of the most recognized crypto assets with some of the lowest rates in the market, being able to operate from $5,000 COP, which makes the platform very competitive in the coin digital market.
“Most people think that to enter the cryptocurrency market you have to have specific trading knowledge, that is, know how to handle yourself within the financial markets to obtain benefits and dedicate time to it every day, but that is not the only way. From now on, all Colombians will be able to buy and sell cryptocurrencies instantly, use them as a hedge against inflation, or to send and receive international payments, even with small values. On our platform it is possible to do it from $5,000 COP, and not with fortunes as many think”, assured Andrés Gómez, Country Manager of CryptoMarket Colombia.
“Our mission is to generate and promote access to this new financial system powered by Blockchain technology in the region. An open, inclusive financial system that does not discriminate against anyone, open to anyone, anywhere in the world, without bureaucracy and with agility, justice and transparency, and for that we have a long way to go. However, we are in a unique moment in the world, where people exchange goods and services at a speed never seen before. To do this, we create systems that are natively globally connected. In addition, as a fintech company, we are working on a project to develop a competitive value offer in the business and contribute to the development of innovation and financial security”, added Andrés Gómez.
By Audy Castaneda
