Bitso combines local regulation, zero trading fees, a wide selection of over 200 cryptocurrencies, passive income options of up to 16% APY, and the ability to invest in global stocks—all in one app available in Spanish. It is the only exchange in Latin America with both Mexican regulatory registration and an international DLT license from the GFSC, and it has never been hacked in over a decade of operation. Bitso has developed payment infrastructure targeting cross-border remittances and merchant acceptance, with partnerships with financial institutions and payment processors to facilitate cryptocurrency-to-fiat conversions, particularly for remittance corridors between the United States and Latin American countries using stablecoins and blockchain rails to reduce transaction costs and settlement times.
Cyborg Score Rationale
Bitso demonstrates strong regional dominance with 9M users, robust regulatory compliance across multiple jurisdictions, zero trading fees, integrated local payment rails (SPEI, PIX), and proven security over a decade. Primary constraints are limited global asset selection versus competitors like Binance, and geographic restrictions outside Latin America.
Top Insights
Bitso expanded operations to Chile and Peru in 2025
Bitso launched FXaaS (Foreign Exchange as a Service) in 2025, an institutional product letting companies embed FX services into their platforms using Bitso's LATAM liquidity across multiple currencies
Biometric login and AI fraud detection were added to the mobile app in 2026 for enhanced account security
Bitso offers zero trading fees for Mexican users combined with free LATAM bank deposits (SPEI in Mexico, PIX in Brazil, COELSA in Argentina) that settle within minutes to 24 hours
Named Competitors
Binance — World's largest crypto exchange by volume; 350+ cryptocurrencies, 0.10% trading fees, limited MXN support
Coinbase — Regulated US exchange; strong security record, limited local LATAM payment integration
Kraken — Security-focused exchange since 2011; MXN deposits via SPEI (0.5% fee), 0.12-0.26% trading fees, limited Spanish support
OKX — 300+ cryptocurrencies, 0.08-0.10% fees, limited MXN support, partial regulatory status in Mexico
Recent Developments
(Early 2025) Alpaca partnership enabling 5,000+ US stocks and ETFs with commission-free trading and SIPC insurance
(2025) Expansion to Chile and Peru; launched FXaaS institutional product and Pay with Bitso merchant payments
(Late 2025) Completed CCSS v9 Level II cryptocurrency security audit
(2026) Added biometric login and AI-powered fraud detection to mobile app
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