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Leading Colombian bank launches crypto exchange and peso stablecoin

Colombia’s largest bank, Bancolombia, has entered the crypto business by launching a crypto exchange called Wenia. The crypto platform aims to on-board 60,000 users in its first year and compete with Binance and Bitso.

 

"The president of Bancolombia said it has been working for almost a decade to create the crypto platform that “facilitates the adoption and use of digital assets and blockchain technology.”

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crypto, stablecoins, peso, latam, institutional, digital assets, em, payments, cex, exchange, stablecoin, colombia, national bank, blockchain, adoption