“Can a Latin American crypto exchange become the regulated on/off-ramp and crypto-backed credit layer for the region?”
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.
Buda processes payments through PSE (Colombia, third-party), Tpaga (Colombia), ACH transfers, Credit/debit card acquiring (provider undisclosed) and Buda.com (self-operated). Disclosed money-movement rails: ACH.
Buda's lending and capital products are provided by Circle.
Buda uses Circle (USDC) for FX and cross-border payouts.
Buda's crypto products run on Circle.
The Embedded Finance Index 2026 maps 5 layers in Buda's stack: Payments / PSP (PSE (Colombia, third-party), Tpaga (Colombia), ACH transfers, Credit/debit card acquiring (provider undisclosed) and 1 other); Money movement (ACH); Lending (Circle, Créditos (Bitcoin-backed loans) and Bitcoin-backed loans); FX & payouts (Circle (USDC)); Crypto (Circle).
Buda was founded by Jaime Bünzli Rojas and is founded in 2015, headquartered in Santiago, Chile.
Get a read on where your own stack stands against Buda 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.