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Ripio Granted Approval to Launch Crypto Exchange in Spain

Ripio Granted Approval to Launch Crypto Exchange in Spain

Ripio, a leading provider of cryptocurrency services in Latin America, has received approval from the Bank of Spain to operate as a crypto exchange in the country.

The announcement was made by Sebastián Serrano, CEO of Ripio, through a recent tweet.

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This development puts Ripio in the same league as other prominent exchanges already operating in Spain, such as Bit2Me, Bitpanda, Crypto.com, Bitstamp, and BVNK.

Ripio’s expansion into Spain marks a significant milestone for the company, which is already active in various markets including Brazil, Uruguay, Colombia, Chile, Mexico, and the United States.

The company claims to facilitate monthly transactions worth $200 million, serving a user base of approximately 8 million.

The approval allows Ripio to strengthen its global presence and enter Spain’s growing cryptocurrency market, further establishing itself as a major player in the crypto industry.

The move is expected to provide Spanish cryptocurrency enthusiasts with more choices for buying, selling, and trading digital assets.

Compiled by Coinbold


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