Latin America currently dominates the global market for integrating cryptocurrency in daily life. By 2021, South America’s crypto market had risen from $68 to an amazing $650million, a staggering tenfold increase.
This significant growth attracted major blockchain companies from around the world to the region. Known for its successful cases in the field of creating and promoting cryptocurrency exchanges, the EHOLD group couldn’t resist building on its success and acquired the Argentine exchange C-Patex to exploit the opportunities in the region to their fullest.
Diego Aguar, the managing partner and coowner of the exchange, will take over. Diego, a prominent Latin American leader in crypto and an expert in investing in digital assets, is now the managing partner.
Picture: Diego Aguar, and Mykola Udianskyi, president of EHOLD Group.
This is a clear indication that a team has raised multiple exchanges to reach the top 50 global rankings. The purpose of this transaction is to ensure a solid position in one the most rapidly-growing cryptocurrency markets.
C-Patex, a family-owned company that was located in Argentina’s Patagonia region until EHOLD purchased it. Now, with EHOLD’s considerable resources and expertise, the C-Patex brand is assured of success. One of EHOLD groups subsidiaries, Prof IT, has already allocated a large team of experts to optimize and upgrade C-Patex’s systems and software.
Prof IT was established in 2013. It has experience with custom blockchain software, tokenization and NFTs.
EHOLD Group has extensive experience with crypto exchanges. Every project they’ve been involved with is a huge success. For example, the company’s president, Mykola Udianskyi, and CEO, Bohdan Prylepa were the brains behind Ukraine’s first government-regulated crypto exchange, QMALL, which was recently awarded an EU trading license and has since expanded its operations immensely. Within six months, the Ukrainian exchange was a European success story. QMALL has taken full advantage of its newfound EU license and started a launchpad for crypto startups at the prestigious Sophia Antipolis, the French equivalent of America’s Silicon Valley.
QMALL’s success is a sign of the EHOLD Group’s ability to deliver on its promises. However, QMALL is not the only project that has been successful. The skills and know-how held within the EHOLD group’s vast array of companies are ideally suited to helping crypto exchanges succeed. Companies that specialise in anything from machine learning technology, blockchain development and custom programming to public relations and market research are all part of the EHOLD group. The EHOLD group has all the firepower to create products that are powerful and quickly become market leaders.
It’s easy to see why C-Patex appealed to EHOLD as a brand. Combining all of this and the fact that C-Patex is located in South America’s second-largest country by area and the third-largest country by population, the opportunity this acquisition presents is priceless.