Bitso Captures 14.7% of US-Mexico Cross-Border Remittances via Crypto Infrastructure

Bitso has successfully captured 14.7% of the total remittance volume sent from the United States to Mexico during the first eight months of 2026. This significant market share highlights a shift in cross-border payments, where digital asset infrastructure is now moving billions of dollars for mainstream financial providers and institutional clients at scale.

What was announced

According to figures from Banco de México (Banxico), Bitso processed nearly 15% of all US-to-Mexico remittances between January and August 2026. This volume is primarily driven by Bitso Business, the company’s specialized B2B payments division. The unit functions as a foundational layer for other remittance firms and financial service providers, rather than operating solely as a direct-to-consumer platform. By utilizing digital assets and stablecoins as the underlying rails, the technology allows for the rapid transfer of value across borders with final settlement in local currency.

The scale of this achievement is underscored by the overall size of the Mexican remittance market, which remains a cornerstone of the national economy, representing approximately 4% of the country's GDP. Banxico data reveals that Mexico received a total of US$41.8 billion in remittances during the first eight months of 2026, marking a 2.2% increase compared to the same period in the previous year. Of this total, the vast majority—99.1%, or US$41.4 billion—was handled through electronic transfers. Bitso’s current 14.7% share represents a substantial increase from 2024, when the company estimated it was processing just over 10% of the volume in the US-Mexico corridor.

"Close to 15% of US–Mexico remittances now run through our infrastructure. That shows digital assets are no longer a niche technology. They are becoming part of the financial infrastructure that moves money in Latin America. Most people receiving a remittance never see the technology behind it. What matters is that their money arrives faster, more efficiently and more securely,"

Felipe Vallejo, CEO of Bitso Mexico.

The companies involved

Bitso is recognized as the leading digital financial services company in Latin America. Since its inception, it has positioned itself as a critical bridge between traditional fiat currencies and the digital asset ecosystem. The company provides a range of services including a cryptocurrency exchange for retail users and sophisticated liquidity solutions for institutional clients. Its B2B arm, Bitso Business, has become a primary driver of the company's growth by offering the infrastructure necessary for international enterprises to conduct high-volume, cross-border payments without the friction typical of legacy banking systems.

Operating in a region characterized by high inflation and complex banking regulations, Bitso has established itself as a dominant player in the Mexican market and beyond. The company’s focus on the US-Mexico corridor is strategic, given that it is one of the highest-volume remittance paths globally. By integrating stablecoins into its settlement process, Bitso provides a faster alternative to the traditional SWIFT network, which often involves multiple intermediary banks and higher costs for the end-user.

What FF News has reported before

FF News has closely monitored the evolution of the Latin American fintech landscape and the rise of digital asset infrastructure. In September 2026, we reported on Colombian Fintech Plenti Secures $3M Seed Round Led by Tether to Expand Digital Dollar Access, which highlighted the growing demand for stablecoin-based financial products in the region. This followed our coverage of Félix Secures $200M Series C to Expand AI-Powered Latino Financial Platform, a move that signaled intense investor interest in the remittance sector.

Earlier in 2026, the industry saw significant infrastructure developments, such as when Cordant Emerges From Stealth with $8 Million Seed Round to Unify Financial Infrastructure. Furthermore, the regulatory environment for digital assets in the region has continued to mature, as seen when MXNB Becomes the First Latin American Currency-pegged Stablecoin Issued Under El Salvador's CNAD Regulation, providing more formal frameworks for currency-pegged assets.

What this means

The fact that nearly 15% of a $41 billion corridor is now settled via digital asset rails is a watershed moment for the industry. It signals that the "invisible" application of blockchain technology—where the end-user interacts with local currency while the backend uses stablecoins—is the winning formula for mass adoption. Traditional Money Transfer Operators (MTOs) and legacy banks are now under immense pressure to modernize their settlement speeds or risk losing further market share to more agile, crypto-native infrastructure providers. The primary question for the sector now is whether other high-volume corridors, such as those in Southeast Asia or Africa, will see a similar consolidation around digital asset rails.