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Chilean Exchange SurBTC Launches Bitcoin, Ether Trading in Peru

Last Updated March 4, 2021 4:59 PM
Francisco Memoria
Last Updated March 4, 2021 4:59 PM

Chile’s largest bitcoin exchange, SurBTC, recently announced through a blog post that users in Peru can now trade bitcoin and ether. To welcome Peruvian customers, the exchange offered them feeless trading until September 30.

The move is part of the company’s goal to help give every South American citizen access to cryptocurrencies. The exchange secured a $300,000 investment last year, allowing it to improve customer experience and serve the remittance market, as well as other services. Among its investors were the Digital Currency Group (DCG), and Corfo, a Chilean government fund.

Corfo supported SurBTC when it was founded, back in 2015, as the government organization seeks to improve the country’s competitiveness and diversity by encouraging investment, innovation, and entrepreneurship. The company was founded by Guillermo Torrealba and Agustin Feuerhake, as both entrepreneurs decided to get into the digital currency business when they saw its potential to transform the financial industry.

the exchange is also one of the biggest ones in Colombia, and according to CriptoNotícias , has a total of over 20,000 active users. SurBTC’s CEO, Guillermo Torrealba, stated that it expects to gain 10,000 Peruvian clients during the first year, and that they are committed to help people gain access to modern services. He added:

“We want international transfer companies to begin integrating into our system so they can offer their customers more modern services.”

Back in 2015, the exchange notably set up a donation program to help people in the aftermath of a disaster that led the Chilean government to declare a state of emergency in a coastal town, after 15-foot waves came ashore in the wake of a massive earthquake.

Moreover, SurBTC has even impressed Barry Silbert, founder and CEO of the DCG, due to being able to maintain a good relationship with some Chilean government institutions. At the time, Barry Silbert stated:

“I am convinced that SurBTC be a key member of the international portfolio of bitcoin exchanges where DCG involved, and an important partner for remittance companies worldwide.”

CriptoNotícias added that regulations in Peru, Colombia, and Chile aren’t too different, excluding “considerations peculiar to the idiosyncrasy of each country”. Other markets, such as that of Brazil, Venezuela and Argentina, are currently off the table, according to SurBTC’s CEO.

Featured image from Shutterstock.