CryptoMkt

CryptoMkt operates as a cryptocurrency exchange platform focused on the Latin American market. Founded in 2016 by Rafael Meruane, an engineer, and Martín Jofré, a lawyer, the company was established in Santiago, Chile, with the goal of promoting financial inclusion through blockchain technology. The founders combined their expertise in computer science and law to build a platform that simplifies access to digital assets.

The company provides a digital wallet and an exchange via an online platform and mobile application, allowing users to buy, sell, and trade a variety of cryptocurrencies. The platform supports transactions with local fiat currencies in several countries, including Chile, Argentina, Brazil, Colombia, and Peru, through legally constituted local entities. Its business model is based on collecting fees for spot transactions, margin trading, and withdrawals. For businesses, CryptoMkt offers a service called CryptoCompra, which enables them to accept cryptocurrency payments and receive the equivalent in their local currency.

Since its inception, the company has focused on expanding its footprint across Latin America. In 2018, CryptoMkt secured approximately $600,000 in a seed funding round from investors including Magma Partners and ConsenSys Ventures, a fund co-founded by an Ethereum creator. This investment was aimed at enhancing its products and services and furthering its expansion. The platform features tools like Trading View for chart analysis and supports various order types, including market and stop-limit orders. Security is a key focus, with measures such as two-factor authentication, cold storage for funds, and encrypted servers.

Keywords: cryptocurrency exchange, Latin America, fintech, blockchain technology, digital wallet, crypto trading, Rafael Meruane, Martín Jofré, fiat-to-crypto, buy bitcoin, sell ethereum, crypto payments, Magma Partners, ConsenSys Ventures, financial inclusion, digital assets, Chile, Argentina, Brazil, Colombia, Peru