Share this article
Chilean Bitcoin Exchange SurBTC Raises $300k
SurBTC has raised a further $300,000 in seed funding to develop a bitcoin exchange for the Chilean market.
By Stan Higgins
Updated Sep 11, 2021, 12:07 p.m. Published Feb 4, 2016, 9:35 p.m.
Chilean bitcoin exchange SurBTC has raised $300,000 in seed funding.
Digital Currency Group, Sauzalito Ventures, and Fernando Barros, founder of Chilean law firm Barros & Errazuriz, took part in the round.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The $300,000 adds to the $100,000 already raised through the Corporación de Fomento de la Producción de Chile (CORFO), a business innovation incubator operated by the Chilean government.
The exchange told CoinDesk that it will use the funds to develop bitcoin-focused products and services aimed at those with less understanding of the technology, with a particular focus on international remittances.
SurBTC cofounder and CEO Guillermo Torrealba that the company sees bitcoin as a vehicle for providing people living in South America with better access to financial resources.
Torrealba said:
"We are convinced that this is the technology that will finally help millions of South American people, who are still unbanked, to be able to send money to their relatives abroad, buy online or simply get paid in something else other than hard cash."
The funds will also be used to build up additional bitcoin liquidity, as well as to scout possible new markets in South America.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in SurBTC.
Image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Filecoin price falls 1% after earlier strength, underperforms wider crypto markets
The storage token hit an intraday high of $1.26 before selling off sharply to trade down on the day.
What to know:
- FIL slipped 1% to $1.21.
- Volume jumped 19% above weekly averages as institutional interest intensified.
Top Stories
