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The CEO of the Argentinian cryptocurrency exchange Ripio, Alejandro Rothamel, recently announced that his business is moving to the US as part of a larger attempt to increase its global presence.
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He further clarified that the action is meant to both satisfy their customers' needs and to enhance the company's position.
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In an effort to establish itself in the United States, Ripio recently expanded to Florida.
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The CEO of the company claims that Ripio already has a clientele in the cryptocurrency-friendly state and mainly works with institutional and affluent investors.
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The state's sizable Latino population is said to be another factor in their decision to base their operation in Florida, as it offers "the added value of speaking the same language."
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Around 4.5 million people use the 2014-established exchange Ripio in Argentina.
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Rothmel mentioned that the United States is new ground for his business when discussing his hopes for expansion there.
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However, he expressed his hope that Ripio will be able to rival the already existing exchanges.
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The CEO alluded to the contentious activities of the SEC and CFTC when he said that the US had a complicated regulatory environment for cryptocurrencies.
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According to Rothamel, his business anticipates that the current "crypto winter" will last for a while, but they also think 2023 will be a better year for the industry.
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