Share this article
Mexico Is Getting Eight New Cryptocurrency Exchanges
Fintech firm Amero-Isatek will offer cash-to-crypto exchanges in eight Mexican states
Updated Sep 13, 2021, 9:16 a.m. Published Jun 3, 2019, 7:30 p.m.
Amero-Isatek will open its first physical cryptocurrency exchange in Nuevo León, Monterrey, on June 21, part of a plan to expand into another seven locations across Mexico.
The company estimates that it will serve over 800,000 cryptocurrency users in central Mexico. Users of the exchange will trade in Amero, Amero-Isatek's own crypto asset, which is scheduled to launch on the day of the Nuevo León opening.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The firm already made headlines earlier this year for participating in what it called the world's biggest cryptocurrency real estate exchange. In this exchange, the company acquired 1,400 hectares in Baja California for $2.8 million paid in Amero.
According to Alfonso Jiménez, CEO of Amero-Isatek, there’s already an exchange in Monterrey, called GTM, but it doesn’t qualify as a cryptocurrency service.
“Today there are no physical exchanges in Mexico and we are going to open them,” he said.
Besides Monterrey, Amero will offer services in seven other Mexican states: Queretáro, Sinaloa, Quintana Roo, Jalisco, South Lower California, and Yucatán.
Legal Wager
The launch of physical exchanges circumnavigates Mexico's nascent fintech laws, which state that new establishments can operate in physical locations under a “sandbox” regulatory scheme.
Jimenez said in an interview that the company hopes to be able to comply with Bank of Mexico (Banxico) and international regulations. The company will also acquire two licensed Estonian crypto exchanges, Invest Global and Global XVC, to carry out financial operations.
“Whatever it happens with the Fintech Law in Mexico, under Banxico’s dispositions, we’ll be able to operate legally worldwide with a financial base from Estonia,” Jiménez said.
While the firm describes itself as a Fintech enterprise with an ecological bent, according to its CEO this definition will evolve depending on Mexican laws.
“If the fintech law turns out to be friendly in Mexico as well, we’ll be registered as a fintech with financial operations,” he said.
Fintech laws in Mexico have had a tumultuous past in regard to cryptocurrencies. Nonetheless, blockchain technology is opening a path for new financial technologies in the country and the Mexican government - and companies like Amero-Isatek - are definitely paying attention.
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
Zcash Floats Dynamic Fee Plan to Ensure Users Won’t Be Priced Out
ZEC zoomed 12% amid the fee discussion, beating gains across all major tokens.
What to know:
- A new proposal by Shielded Labs suggests a dynamic fee market for Zcash to address rising transaction costs and network congestion.
- The proposed system uses a median fee per action observed over the prior 50 blocks, with a priority lane for high-demand periods.
- The changes aim to maintain Zcash's privacy features while avoiding complex protocol redesigns.
Top Stories
