A New Crypto Player Emerges in Latin America
May 7, 2024
One of Latin America’s leading banks and Colombia’s largest bank, Bancolombia Group, has launched a crypto trading platform called Wenia. The banking giant’s newly unveiled unit aims to carve out market share from incumbents like Binance and Bitso, Latin American and Colombian crypto brokers, by offering high-level security associated with the financial group and introducing a stablecoin pegged to the Colombian peso as part of its asset portfolio.
