Colombian bank Bancolombia launches crypto exchange Wenia and stablecoin COPW

Colombian banking group Bancolombia Group has launched cryptocurrency exchange Wenia. The exchange aims to compete for market share from Latin American and Colombian cryptocurrency exchanges Binance and Bitso by offering a high level of security associated with Bancolombia to new users in the space. In addition, Wenia has launched COPW, a stablecoin anchored to the Colombian peso.