The Coinbase, Ripple and Monex-backed Latin American crypto trading platform was valued at $2.2bn in a round co-led by Tiger Global Management and Coatue Management.

Bitso, a Mexico-based cryptocurrency exchange operator backed by corporates Coinbase, Monex and Ripple, has received $250m in series C funding at a $2.2bn valuation, Forbes reported yesterday.

Hedge fund manager Tiger Global Management and investment manager Coatue Management co-led the round, which included Paradigm, Bond, Valor Capital Group, QED Investors, Pantera Capital and Kaszek Ventures.

Founded in 2014, Bitso operates an online trading platform that lets users buy, sell and transfer Bitcoin and other cryptocurrencies. It also runs a crypto…