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Colombian bitcoin exchange Colbitex poised to go live in a few days

Colombian bitcoin exchange Colbitex poised to go live in a few days

Last month we reported that Colombia is getting its own bitcoin exchange. Colbitex, which is a Colombian based bitcoin exchange, launched in test mode last month. After a month of beta testing, they are ready to go live.

The exchange when it goes live will allow users to buy and sell bitcoin using their trading platform. Users can fund their account in Colombian Pesos (COP) through a bank deposit or PSE transfer (ACH option). Other features include an open order book, charts, market and limit orders, and more.

The exchange has closed down it’s beta testing, and currently is preparing to go live. The exchange currently just has a banner image up (pictured above), roughly translated to “in the next few days you can start using bitcoin exchange services in Colombia.”

Colbitex was founded by Roman Parra, an engineer and specialist in marketing, and Carlos Mesa, a computer systems engineer, who have been studying and working on the development of the bitcoin industry in Colombia for more than three years.

With the launch of Colbitex, it should open new doors for Colombian’s looking to trade pesos for bitcoins. Previously, there weren’t many ways for people to trade for bitcoin outside of LocalBitcoins.

Ironically, Colbitex won’t be the only game in town, even though they have yet to launch. Just announced last week, Panamanian based bitcoin exchange and wallet Coinapult said that they have partnered with Punto Pago so people can buy bitcoin at 300 kiosks across Colombia.

With the launch of Colbitex and Punto Pago machines in Colombia, locals will have plenty of options to buy and sell bitcoin with each other.

Tags in this story
bitcoin exchanges, bitcoin trading, Colbitex, colombia, Colombian Pesos
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david@bitcoin.com'
David Shares

David is a writer, researcher, and developer who is passionate about bitcoin and blockchain. He writes for Bitcoin.com, Blockchain.com, and is the founder of Bitcoinx.io (which was acquired by Bitcoin.com). David previously used to write and curate for Myspace and has worked in the fintech and payments space for over 15 years.