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// HALL OF FLAME · STARTUP AUTOPSY
Founded2014
Closed2017
CountryMexico
SectorWeb3
Total raised$3M
FounderPedro Febrero

MexBT

"Mexico's first bitcoin exchange. Shut down before the Fintech Law arrived."

—
RAISED
—
EMPLOYEES
36
MONTHS
regulation
🔥 Hall of Flame 85%🏆 Hall of Fame 15%

MexBT was Mexico's first significant cryptocurrency exchange.

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More Web3 →More from Mexico →More regulation failures →Raised: $3M
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// THE WEB3 GRAVEYARD DOESN'T END HERE

MexBT followed a documented pattern. Identify the same signals in any company before they reach the point of no return.

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←PREVIOUSKichinkNEXTSears Mexico→

// SIMILAR STARTUP FAILURES

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FTX
Web3
Glovo (regulatory crisis)
Marketplace
Fondea
Fintech
Lemon Cash
Web3
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