Buda.com launches an index to identify the prevalence of cryptocurrencies in Colombia

The cryptocurrency exchange platform Buda.com announced the launch of an index that can be used to determine the penetration of the Colombian market with cryptocurrencies. This was reported by Forbes.

In this publication they stated: The index takes as a reference the volume of monthly crypto transactions in Buda vs. the volume of transactions on the local stock exchange. The new measurement will make it easier for companies, investors and banks to make decisions about the implementation of crypto assets, as these are important for the economy.

You then detailed: “The measurement that is recording the index is overdue and will be displayed in the second week of each month.”

Buda.com launches an index to identify the prevalence of cryptocurrencies in Colombia
Buda.com launches an index to identify the prevalence of cryptocurrencies in Colombia

Alejandro Beltrán, Buda.com Country Manager, stated: “Cryptocurrencies are not the future, they are the present. Today, major banks around the world trade or offer mutual funds with crypto assets, various companies accept them as a means of payment, and more and more people see them as a form of investment.

According to Beltrán, the Buda.com index could allow an educational dimension of the positioning of cryptocurrencies in the traditional financial system, which also implies their presence in the daily life of Colombians.

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