Latin American E-Commerce Giant Mercado Libre Enables Crypto Trading in Chile

The minimum amount to start trading BTC and ETH in Chile is 50 Chilean pesos (equivalent to about 6 cents). The service is provided by Mercado Libre in partnership with Latin American crypto company Ripio.

Mercado Libre Inc (NASDAQ: MELI), the largest e-commerce company in Latin America with a market cap of $61.56 billion, has announced expanding its crypto trading services to Chile. As Mercado Libre President Osvaldo Gimenez stated in a LinkedIn post, users in Chile can now buy, sell and save Bitcoin (BTC) and Ethereum (ETH) from the Mercado Pago wallet app.

Using the Mercado Pago app is easy, transactions can be completed directly through the app, and users are able to buy cryptocurrencies with money available in Mercado Pago’s digital account.