LatAm Crypto Exchange Ripio Extends Footprints to US

​Ripio, one of the largest exchanges in Latam, with more than 4.5 million customers on the continent, has announced it will expand its operations to the U.S. The company obtained a license granted by the Florida Office of Financial Regulation, that will allow it to offer its suite of services to United States customers.

With this endorsement, the company is ready to bring its products to customers in the country, including its custodial wallet and exchange services, and its newly launched Web3 wallet. Also, Ripio is planning to provide B2B integration with other companies.

Ripio decided to first introduce its Select platform, which focuses on offering crypto-based solutions to other companies and institutional investors. This will be the tip of the spear for the company in the country, with other services to be introduced later on.

Ripio co-founder and CEO Sebastian Serrano declared the company chose the state of Florida due to its status as a crypto hub where Ripio's Select platform has great potential.

Ripio had to comply with all of the requirements of Florida's financial regulation to be able to operate in the state. The company announced its expansion to Colombia in April, stating that its operation would offer a financial education proposal. Later, in July, the company presented an educational textbook and released its own metaverse Web3-enabled wallet.

(Source: Bitcoin.com)