Latin America’s crypto scene continues to evolve, with new products and regional expansions highlighting its rapid growth. This week’s most notable news is that Bit2Me, one of Spain’s biggest crypto exchanges, is planning to expand operations in Latin America. Paraguay, on the other hand, has announced a new effort to combat Bitcoin-based hacking and extortion as the country’s cryptocurrency sector expands. Bit2Me targets Latin American expansion Bit2Me, a renowned cryptocurrency exchange in Spain, has announced plans to expand into Latin America as part of its global growth strategy. The company plans to raise revenue from $24 million in 2024 to $26 million in 2025 through a combination of global expansion and strategic relationships with local banks in major markets such as Argentina, Peru, Brazil, and Mexico. Bit2Me is also planning to reach additional European markets such as Portugal, Italy, and France, aided by its efforts to secure the MiCA license. With over 1.2 million members and €3 billion in transaction volume in 2024, Bit2Me is focusing on compliance and advanced security measures, cementing its position as one of Spain’s most secure exchanges. Cyber attacks surge in Paraguay Paraguay has recently become a common target of cyberattacks, with hackers frequently demanding Bitcoin as a sort of ransom. These attacks, which include the theft of sensitive data and ransomware campaigns, have targeted both public and commercial organisations. The hacking of President Santiago Peña’s official Twitter account resulted in a false announcement about Bitcoin legalisation, causing alarm. Although the account was immediately restored, the breach exposed the country’s digital weaknesses and the growing complexity of cyber attacks. In response to these growing risks, Paraguay implemented the National Cybersecurity Strategy 2025-2028. Gustavo Villate, Minister of Information and Communication Technologies, spearheads the plan, which focuses on critical infrastructure protection, cybersecurity training, and international cooperation. The Armed Forces are also playing an important part in the implementation. The strategy intends to make Paraguay’s digital ecosystem more secure by decreasing human error and strengthening institutional resilience. However, its success is dependent on excellent execution and collaboration with allies such as the United States, Israel, and Taiwan. Brazil’s B3 exchange launches Ethereum and Solana futures B3, Brazil’s biggest stock exchange, announced futures contracts for Ethereum (ETH) and Solana (SOL) on Monday, boosting its portfolio of regulated cryptoassets as demand for blockchain-based financial products grows. The new derivatives represent a significant step for B3, which has been progressively establishing a regulated crypto market ecosystem in Latin America’s largest economy. The contracts will be priced in US dollars and reference the Nasdaq Ether and Nasdaq Solana Reference Prices. This development is a significant milestone for Brazil’s financial system, demonstrating the country’s willingness to incorporate regulated cryptocurrency products within a regular exchange structure. By providing advanced tools to both institutional and retail investors, B3 is positioning Brazil as a regional leader in crypto finance while also encouraging innovation in the country’s expanding digital asset ecosystem. The post LATAM crypto news: Bit2Me targets Latin American expansion, Paraguay fights Bitcoin extortions appeared first on Invezz
