2022-11-25 02:04:18

Mexican unicorn Bitso sets out transparency roadmap amid FTX crash

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Channel NewsAsia
By Cna

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MEXICO CITY : Mexican cryptocurrency exchange unicorn Bitso laid out a transparency roadmap, as pressure from users mounted following the high-profile collapse of crypto exchange FTX, a top Bitso executive told Reuters on Thursday.

In a spectacular crypto blowup, FTX filed for protection in the United States earlier this month after traders pulled $6 billion from the platform in three days and rival exchange Binance abandoned a rescue deal.

Bitso, which operates in Mexico, Brazil, Colombia and Argentina, will publish a solvency report in less than a month and is in the process of selecting an external partner to carry out an audit, Bitso's Chief Regulatory Officer Felipe Vallejo told Reuters.

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