Leading Dubai-based crypto exchange, Bybit is getting set to launch its services in Argentina, according to a report by CriptoNoticias, due to the rising adoption of cryptocurrencies in the Latin American country.
“Taking into account the level of penetration and the rapid growth in the adoption of cryptocurrencies in Argentina, Bybit has made this decision, which is due to the importance of the Argentine market in the Latin American region,” Bybit said to the news outlet.
Bybit says users would be able to trade digital assets in the local language noting that a team will be set up for the country. While conceding that the current macroeconomic situation was one of the biggest drivers of crypto adoption, the firm expects other use cases like remittances to gain popularity soon. Additionally, the company will be offering users that sign up on the platform before July 11th 22% returns on DAI stablecoin deposits.
It is worth noting that according to the Chainalysis Global Crypto...
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