Venezuela’s first crypto ATM was installed on Sept. 10, in the city of San Antonio del Táchira, according to data by Coin ATM Radar, a website that facilitates the online search for the nearest Bitcoin ATM.
According to data by Coin ATM Radar, Venezuela has finally gotten its very first Bitcoin ATM.
Latin American firm Panda BTM installed the Bitcoin ATM inside a small convenience store, called Viajes e Inversiones HC. The machine supports cryptocurrencies such as Bitcoin, Bitcoin Cash (BCH), and DASH, as well as the official currency of Venezuela and Colombian pesos.
Apparently there have been previous attempts to install a Bitcoin ATM in Venezuela. At the end of January, crypto firm Cryptobuyer announced the coming installation and testing of a new Bitcoin ATM in the city of Caracas. However, due to unknown reasons the ATM never went live.
Neighboring Columbia currently has the most crypto ATMs of any country in Latin America. That number is set to rise thanks to a partnership between the global peer-to-peer Bitcoin marketplace, Paxful, and Medellin-based blockchain company, CoinLogiq, who are bringing 20 new crypto ATMs to Colombia.
The world’s first Bitcoin ATM opened in Vancouver, Canada in late 2013. Since that day, the total number of cryptocurrency ATMs around the globe has continued to increase.
According to statistics from Coin ATM Radar, the total number of crypto ATMs around the world went from 501 in 2016 to more than 5400 in 2019.
Rebranded TrueDigital Partners for ‘Imminent’ Bitcoin Derivatives Launch
Institutional digital assets platform Tassat, formerly known as trueDigital, has teamed up with trading software provider AlgoTrader in the run up to its launch of cryptocurrency derivatives.
The deal will see Tassat provided access to AlgoTrader’s institutional clients for the planned derivatives instruments. Meanwhile, those clients will benefit from being able to incorporate the products in their trading strategies, according to an announcement from AlgoTrader on Thursday.
The first of these derivatives will be “physically-deliverable, margined bitcoin swaps available for institutional investors, brokers and other eligible contract participants.” While a firm date wasn’t provided, Tassat said in a rebranding announcement on Sept. 3 that the launch is “imminent.”
Michel Finzi, chief commercial officer at Tassat, commented on the new relationship, saying:
“We pick our partners thoughtfully and focus on those who align with our philosophy to serve the institutional crypto marketplace. AlgoTrader has a unique service delivery model, offers clients more control and flexibility and most importantly, has a singular mission to create a high-impact trading experience.”
New York-based Tassat first revealed it would offer bitcoin derivatives to U.S. investors in July, and it’s now waiting for approval from the Commodity Futures Trading Commission before it can move to a launch. The firm has previously said it will add instruments for other cryptocurrencies later.
It’s entering an increasingly packed space in the U.S., with ICE’s Bakkt launching its physically delivered bitcoin futures on Sept. 23, and Seed CX also awaiting regulator approval for its bitcoin forwards. There’s LedgerX, too, which launched a bitcoin derivatives offering in October 2017.
Tassat also provides a regulated exchange platform and OTC reference rates for bitcoin and ether. It notably built a blockchain payments system for the crypto-friendly Signature Bank, launched last December.
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