Brazil’s Bank BTG Pactual Launches Crypto Trading Platform

Trending 1 month ago 16

BTG Pactual, Brazil's sixth largest concern bank, has launched its cryptocurrency trading platform.

André Portilho, caput of integer assets astatine BTG Pactual, confirmed that the crypto trading platform, called Mynt, is present officially disposable to the public.

"Cryptocurrencies are a caller exertion with large imaginable for transformation, bringing with it risks and opportunities. Entering the cryptocurrency beingness is different important measurement successful gathering a request from our clients and filling a spread successful the market," the enforcement said.

The level presently supports trading 5 integer assets, including Bitcoin, Ether, Solana, Polkadot, and Cardano.

Mynt allows users to put successful cryptocurrencies with arsenic small arsenic 100 Brazilian reals, equivalent to $19.42.

Portilho said Mynt offers 24/7 enactment from a squad disposable passim to reply immoderate lawsuit questions.

Portilho noted that the level had been disposable to a restricted radical since May. In September past year, BTG Pactual archetypal announced the thought of Mynt with archetypal plans to connection Bitcoin and Ether trading by the extremity of that year.

Crypto creating caller concern opportunities

Crypto is accelerated gaining mainstream acceptance successful Brazil arsenic large firms are creating caller and innovative offerings astir specified integer assets.

Major Brazilian businesses are progressively allowing consumers to get started with cryptocurrency rapidly and easy to diversify their savings, support against inflation, and prevention connected transaction fees.

In July, Santander, a Spanish banking multinational elephantine whose subdivision operates successful Brazil, announced plans to connection crypto trading to its customers successful Brazil.

In May, Nubank, the largest Brazilian integer slope by marketplace value, launched Bitcoin and Ether trading to let its customers to bargain cryptocurrencies connected its platform.

Last month, PicPay, a large Brazilian outgo app, launched a crypto exchange done a concern with Paxos to alteration users to commercialized cryptocurrencies.

In December past year, Mercado Libre, Latin America's largest e-commerce institution by marketplace value, began allowing users successful Brazil to buy, merchantability and clasp crypto coins.

And galore much large brands successful Brazil person launched crypto trading services. The cryptocurrency marketplace successful the state is expected to turn importantly arsenic request remains high.

Image source: Shutterstock

26% Brazilians Invested successful Crypto implicit Last 6 Months, Study Shows