Bitso
Mexico's first crypto unicorn; powers a meaningful share of US–MX remittances over stablecoin rails.
LatAm's largest exchange; remittance rails.
- Who holds it
- The company itself — it holds a full banking licence — IFPE (MX) + regional VASP licenses.
- The ledger
- The bank’s own core ledger.
- If it fails
- A covered-deposit payout through the local scheme, up to its limit.
Derived from Bitso’s regulation type and custody — a class of protection, not a guarantee. Limits and eligibility vary by scheme, balance and jurisdiction; confirm before you rely on it. What happens if a neobank shuts down →
The facts
| Category | hybrid |
| HQ | Mexico City, MX |
| Founded | 2014 |
| Custody | Custodial |
| Regulation type | Licensed bank |
| License detail | IFPE (MX) + regional VASP licenses |
| Card | MC · Debit (MX) |
| Cashback | Crypto cashback |
| Yield | Yield on stables |
| Stablecoins | Yes |
| KYC | Yes |
| Active regions | Latin America |
| Countries | Mexico, Argentina, Brazil, Colombia |
| Founders | Daniel Vogel, Pablo González, Ben Peters |
| Funding | ~$400M (val $2.2B) |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @Bitso ↗
Common questions about Bitso
What is Bitso?
Bitso is a fiat-and-crypto neobank, headquartered in Mexico City, MX and founded in 2014. Your money is held custodially, so Bitso or its partner bank holds the balance and you hold a claim on it. It is regulated as a licensed bank (IFPE (MX) + regional VASP licenses).
Does Bitso have a card, and where can you use it?
It issues a Mastercard debit (mx) card. It is available in 4 countries, across Latin America.
Does Bitso require KYC?
Yes. Bitso requires identity verification (KYC) to open an account, as a licensed bank.
What does Bitso cost?
From the verified fields: cashback Crypto cashback; yield Yield on stables. Cashback and yield are "up to" figures that change constantly and often depend on a paid plan — confirm current terms with Bitso before relying on them.
Early investors
Peers
Revolut · Mercado Pago · Crypto.com · Binance Card · Bybit Card · OKX Card
Bitso appears in
Neobanks that hold their own banking license (132) · Neobanks available in Latin America (113) · Neobanks that issue a Mastercard (150) · Neobanks in Mexico (11)
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.