👨🏽‍🌾Colombia🇨🇴: Bancolombia launches the cryptocurrency exchange Wenia and its own stablecoin COPW

👨🏽‍🌾Colombia🇨🇴: Bancolombia launches the cryptocurrency exchange Wenia and its own stablecoin COPW

Bancolombia, initially registered in Bermuda🇧🇲, began operating on May 3.

➖ After much work, it has finally become a reality. The launch was preceded by almost a decade of research.

➖ Goal — to compete with giants such as Binance and Coinbase. In its first year of operation, the exchange aims to attract 60,000 users, trading with bitcoins, USD Coin, Polygon, Ether and, of course, COPW.

➖ COPW is pegged 1:1 to the Colombian peso.

➖ Bancolombia warns: crypto assets are not insured and carry inherent risks — that is, volatility and potential losses. In addition, no organization within the Bancolombia Group participates directly in transactions. Traders are notified that there will be no state backing or guaranteed secure storage methods🎉.

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