Buda
“Can a Latin American crypto exchange become the regulated on/off-ramp and crypto-backed credit layer for the region?”
Founded2015
HQSantiago, Chile
IndustryFintech / Crypto
The story
Founded 2015 as a crypto exchange focused on Chile, Colombia, and Peru, Buda.com has expanded beyond spot trading into Bitcoin-backed loans (Créditos), an OTC desk, business accounts, and cross-border payment rails using USDC. It positions itself as the largest crypto exchange in its three core Latin American markets and is now adapting to Chile's new Fintech Law regime.
Product timeline
2015
Buda.com begins operating as a crypto exchange in Latin America· launch
2018
API integrated with CCXT library for algorithmic trading· product
2025
Submitted application to CMF under Chile's Fintech Law to register as a financial services provider· regulatory
Regulated entities
1
regulatory licence held by Buda
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in Buda’s embedded-finance stack
Payments / PSP
PSE (Colombia, third-party)Tpaga (Colombia)ACH transfersCredit/debit card acquiring (provider undisclosed)
Money movement
in the full report
Lending
in the full report
FX & payouts
in the full report
Crypto
in the full report
Accounting gap: significant
4 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.