Buenos Aires-based cryptocurrency exchange Ripio is opening operations in Florida.
The company, which has 4.5 million users and will be in business for 10 years, has received regulatory approval to operate in the state alongside Ripio Select. The offering is open to corporates, institutional investors and high net worth individuals.
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“We chose Florida because it is a very interesting cryptocurrency hub and we believe our products like Ripio Select have great potential,” Ripio CEO and co-founder Sebastian Serrano said in a statement.
Earlier this year, Florida Governor Ron DeSantis signed legislation defining and deregulating cryptocurrencies beginning Jan. 1.
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