Latin American exchange Ripio received a license to operate in the US

Article Reading Time:
1 min.

One of the largest cryptocurrency exchanges in Latin America, Ripio, has announced the expansion of its operations in the United States.The company has received a license from the Florida Financial Regulatory Authority.

The choice of the state is due to the fact that, according to Ripio's management, Florida is the center of cryptocurrenciesThe license will allow the exchange to provide exchange services, a custodial wallet, and a Web3 wallet to U.S. citizens.

Initially, the company will deploy its Select platform, focused on helping startups and institutional investors get started in the cryptocurrency industry.Later, Ripio will launch the rest of the services.

Ripio launched the exchange of the same name in the spring of 2019.More than 4.5 million customers across the Latin American region.In September last year, the exchange managed to raise $50 million in funding.

It is noteworthy that Ripio has become one of the few companies that have been audited by financial auditors KPMG, PWC, EY, as well as the Financial Crimes Enforcement Network (FinCEN).

Earlier, the Argentine authorities reported that the unregistered income of owners of digital assets amounted to more than $1 billion and demanded that citizens make clarifications in their tax returns.