Huobi Acquires Latin America Exchange Bitex

Huobi Global announced that it has purchased Latin America-based exchange Bitex in a deal with confidential terms. “Bitex was founded to protect the value of our users’ money, in the wake of major financial crises in Latin America," Bitex CEO Francisco Buero said in a press release. "Having grown rapidly after eight years of successful operations, we believe our partnership with Huobi Global will not only support our expansion, but also help us better serve our customers, enabling them to access a broader range of digital assets on Huobi Global’s platform."