Latin America's Hidden Crypto Exchanges Emerge as Alternatives to Binance and OKX

While Western crypto enthusiasts are focused on the latest market trends and strategies, Latin America is embracing cryptocurrency as a way to save money from double-digit inflation spikes. In this region, native exchanges have emerged as an alternative to well-known platforms like Binance, OKX, and Bitget.

LocalTrade, founded in 2017, stands out for its copytrading feature, which allows users to replicate the trades of experienced investors. The platform also offers a partial KYC model, allowing basic crypto-to-crypto trading with strict withdrawal limits, while full KYC is required for fiat rails and other advanced features.

Bitso, founded in 2014, is another prominent exchange in the region, offering a wide range of assets and pairs, including spot and instant brokerage services. Its direct connection to Mexico's SPEI banking network enables cross-border payments between the US and Mexico, settling transactions in seconds.