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Bitso reaches 9 million users and records growth in Brazil
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Bitso announced this Tuesday (24) that it reached the milestone 9 million global users. This number reflects triple the customer base that the platform had three years ago.
According to the company, growth is related to product innovationsnew token listings and technological integrations such as Lightning Networkin partnership with Lightspark.
In Brazil, growth was even more significant. Bitso registered a 54% increase in the end customer base and one 44% growth in transaction volume compared to the previous year.
These results place the country as one of the most promising markets for the company, consolidating Brazil as the 10th place in the global crypto adoption rankingaccording to Chainalysis.
Bitso Growth
The company highlighted, in a statement sent to Todaysgist, that growth in 2024 was fueled by several positive events in the crypto market.
The appreciation of Bitcoin, which surpassed the historic mark of US$ 108 thousand per unit, boosted interest in digital assets. Furthermore, regulatory frameworks in Brazil have brought legal security for companies and investors, creating a more favorable environment for the adoption of cryptoassets.
Bitso also took important steps towards introduce products like the BRL1 stablecoinbacked by the real and developed in partnership with Fireblocks. Bárbara Espir, Country Manager at Bitso Brasil, highlighted the relevance of the innovations introduced this year.
Espir also emphasized that the company plans strengthen your payments infrastructure in 2025, positioning itself as an essential player in the market.
Bitso reaches 9 million users and records growth in Brazil
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Bitso reaches 9 million users and records growth in Brazil
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Bitso reaches 9 million users and records growth in Brazil
