2024-07-27 07:31:13 +0300

Argentinian Crypto Exchange Lemon Raises $16M to Expand in Latin America

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Nasdaq
By Coin Desk

Lemon, an Argentina-based crypto exchange, raised $16.3 million in a Series A round led by British fund Kingsway Capital, it announced Tuesday.

Part of the money will be used to expand its operations in Latin America this year and 2022, including Chile, Colombia, Ecuador, Peru and Uruguay, CEO Marcelo Cavazzoli told CoinDesk.

The CEO declined to comment on whether Lemon plans to acquire any companies immediately.

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Related: Argentinas Misiones Province Plans to Issue Its Own Stablecoin

In addition to Kingsway Capital, Draper Associates, Valor Capital, Cadenza Capital Management, Draper Cygnus, Coinbase Ventures and Supervielle participated in the round, Cavazzoli said.

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