“Can a LatAm crypto exchange become the dominant stablecoin-to-local-rails payments infrastructure for the region?”
Founded 2014 as a retail crypto exchange dominant in Mexico (95%+ share), Bitso evolved into a crypto-powered financial services company processing remittances from the US to Mexico. Bitso Business — the B2B arm — pivoted the company into cross-border payments infrastructure, embedding stablecoin rails (USDC, USDT, MXNB, BRL1) into a multi-currency account and FX-as-a-Service API for fintechs and PSPs. Today it positions itself as the LatAm-native stablecoin-to-local-rails (SPEI, Pix, PSE, CVU/CBU) infrastructure layer.
Bitso discloses Bitso Business Multi-Currency Account (in-house via Nvio entities) as its banking provider, according to the Embedded Finance Index 2026.
Bitso does not disclose a bank charter of its own; its banking services are provided through Bitso Business Multi-Currency Account (in-house via Nvio entities).
Bitso processes payments through Bitso Business Pay-ins/Payouts (self-operated), SPEI via NVIO México (in-house), Pix via Nvio Brasil (in-house), PSE Colombia (self-operated) and CVU/CBU Argentina via Nvio Pagos (in-house).
Bitso uses Bitso Business FX-as-a-Service (in-house) and Bitso Business Mass Payouts (self-operated) for FX and cross-border payouts.
Bitso's crypto products run on Bitso (self-operated exchange and stablecoin rails), BVNK (stablecoin payments partner for Europe-LatAm corridor), Stellar (network integration for cross-border) and Fireblocks.
The Embedded Finance Index 2026 maps 5 layers in Bitso's stack: Payments / PSP (Bitso Business Pay-ins/Payouts (self-operated), SPEI via NVIO México (in-house), Pix via Nvio Brasil (in-house), PSE Colombia (self-operated) and 1 other); Banking / BaaS (Bitso Business Multi-Currency Account (in-house via Nvio entities)); Lending (OTC Desk credit line); FX & payouts (Bitso Business FX-as-a-Service (in-house) and Bitso Business Mass Payouts (self-operated)); Crypto (Bitso (self-operated exchange and stablecoin rails), BVNK (stablecoin payments partner for Europe-LatAm corridor), Stellar (network integration for cross-border) and Fireblocks).
Bitso is founded in 2014 and headquartered in Mexico City, Mexico.
Bitso has raised ~$331M+ in total (latest round: Series C, 2021; valuation: $2.2B (2021)).
Get a read on where your own stack stands against Bitso and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.