Why Latin American Crypto Exchanges Are Doubling Down on Yield Products

Belo, an Argentina exchange with more than 170,000 users, offers annual returns of 8.5% on DAI and USDC, 5.25% on BTC and 4% on ETH. “Our user base diversifies, especially in the bull markets. Not only people from the crypto world are joining, but from different backgrounds,” Manuel Beaudroit, Belo’s CEO, told CoinDesk.