Share this article
Bitcoin Opportunity Corp Backs Mexican Exchange Bitso
Bitso has closed a seed funding round led by the Barry Silbert-backed investment fund Bitcoin Opportunity Corp.
By Pete Rizzo
Updated Apr 10, 2024, 3:08 a.m. Published Jun 26, 2015, 9:31 p.m.
Bitso has closed a seed funding round led by the Barry Silbert-backed investment fund Bitcoin Opportunity Corp and including undisclosed angel investors.
Launched in April 2014, Bitso recently acquired competitor Unisend Mexico as part of a bid to strengthen its market presence. Today, the company primarily offers an order-book exchange and Ripple gateway as well as a merchant processing product.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
However, in statements, Silbert suggested that he sees the company's greatest asset as its position to help facilitate remittances to and from Mexico:
“Bitso is well-positioned to emerge as the region’s leader in bitcoin exchange and payments, and we are thrilled to partner with them to help build a big, important company in this emerging industry."
According to data from Pew Research Center, remittances to Mexico are estimated at $22bn in 2013, though such figures have fallen since a peak in 2006 due to the US housing market crash and a decline in the US immigrant population.
Mexico receives 40% of all remittances from Latin America, according to Pew data.
Mexico City 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
Boring Bitcoin's Green Light Moment Incoming?
BTC continues to bore traders with its directionless price action. But some indicators are pointing to renewed bullishness.
What to know:
- The Federal Reserve's recent rate cut did not significantly impact bitcoin's price, which remains directionless.
- Bitcoin's MACD histogram signals potential bullish momentum, while the dollar index's points bearish.
- The ETF flows continue to disappoint.
Top Stories
