8 New Cryptocurrency Exchanges To Open In Mexico

By Boris Dzhingarov

Mexico is quickly growing in popularity, with this being marked by the fact that new cryptocurrency exchanges are opening offices in the country.

Amero-Isatek announced that on June 21 it will open the first physical exchange in Monterrey, Nuevo Leon, all as a part to then expand into 7 extra locations.

According to company representatives, over 800,000 users of cryptocurrency will be serviced in the central Mexico area. Trading will happen in Amero, which is the crypto asset launched and owned by Amero-Isatek. This asset will be launched on the exact same day as the opening of Nuevo Leon.

Headlines were made by the firm early in the year when it participated in the biggest real estate cryptocurrency exchange, one in which it bought a Baja California property of 1,400 hectares for $2.8 million that was paid in the Amero currency.

Amero-Isatek CEO, Alfonos Jimenez, declared that there is already a Monterrey exchange, GTM, but it does not act as a service:

Today there are no physical exchanges in Mexico and we are going to open them.

Besides operations in Monterrey, the firm will also offer services in 7 more states: Yucatan, South Lower California, Jalisco, Sinaloa, Queretaro and Jalisco.

This launch for the physical cryptocurrency exchanges appeared as Mexico recently added some new fintech laws through which new establishments are allowed to operate in a physical location through a regulatory scheme that is sandbox based.

There is a hope that the company can comply with Banxico (Bank Of Mexico)’s regulations, together with the international ones. 2 Estonian exchange licenses will also be acquired, Global XVC and Invest Global, so that financial operations can be carried out. Simply put, legal worldwide operations will be available with a base that comes from Estonia.

The fintech laws in Mexico do not have a good past when referring to the cryptocurrencies. Even so, blockchain technology is emerging and creating new financial technologies all throughout the country. Both the Mexican government and other companies pay attention to what is happening.