

Mercado Libre, Latin America’s largest e-commerce company by market value, plans to expand its crypto trading feature across the region after a successful start in Brazil.
In December, users of Mercado Pago, Mercado Libre’s digital wallet, were allowed to buy and sell bitcoin, ether and stablecoin Pax dollar (USDP) in Brazil after an integration with Paxos blockchain infrastructure.
“We will be expanding in the region the possibility to buy, sell and hold cryptocurrencies in your account,” Mercado Libre’s fintech vertical director Osvaldo Gimenez told the Spanish newspaper El País. “It works with bitcoin, with ethereum and with a stable currency that reflects the value of the dollar,” he added.
Contacted by CoinDesk, Mercado Libre did not provide details on exactly which countries were next in line for the product or any tentative dates.
The company’s crypto-trading feature became available in Brazil in December and hit 1 million users two months later, according to the story. Last month, Nubank, the largest Brazilian digital bank by market value, said it reached 1 million users on its crypto trading platform just one month after its June launch.
“It is an alternative investment opportunity that we find very interesting and generates a lot of interest from users,” Gimenez said. “At a time when the dollar has been appreciating, the investments that users have with us are small and for us, it is one more way to diversify their portfolio.”
Mercado Libre is an owner of bitcoin, having disclosed a $7.8 million purchase in May 2021. In January of this year, the company announced an investment in 2TM – the holding company for Brazil’s largest crypto exchange Mercado Bitcoin – and blockchain infrastructure company Paxos.
TYT Newsroom
more recommended stories
Terror in the air: Engine shuts down mid-flight to Mérida!
The crew of Aeromexico flight 837,.
It´s official, Agustin O’Horán Hospital has a new location in Merida
With 25 votes in favor, Yucatecan.
Construction of the IE-TRAM causes traffic chaos, with 50% of the project completed in Mérida
The inconveniences related to mobility during.
Cab drivers urged not to use illegal cab platforms
MERIDA, Yucatan, June 1, 2023. Regarding.
Man found dead in a plaza in Mérida has been identified
There is great consternation surrounding the.
18-year-old dies from electrocution in Yucatán while working
An 18-year-old young man was performing.
Decrease in animal abuse reports in Yucatan
According to Raúl Argáez, legal representative.
Traffic accident leads to police intervention in the Port of Progreso
Several vehicle accidents were registered at.
Military recognized for their fight against drug trafficking in Merida
For their outstanding work in the.
The forest fire season in Yucatán ends with three thousand hectares affected
With 2,000 fire-related incidents, the fire.
Mercado Libre is also promoting staking among their clients which is pretty cool. Binance also can boast to have it in their portfolio. But I am very sceptical about keeping money on echanges (even that reputable) so I prefer to choose staking pools myself. Talking about Tezos (my favourite coin this bear market) I choose P2P for that https://p2p.org/networks/tezos.