Brazil's largest investment bank and one of the country's largest brokerages launch crypto trading platforms.
Cryptocurrency adoption marches on in Latin America, as two big financial institutions in Brazil announced the launch of crypto trading platforms.
BTG Pactual, the country's largest investment bank launched Mynt, a platform allowing users to trade BTC, ETH, SOL, DOT and ADA with a minimum investment of 100 Brazilian reals, equivalent to $19.42.
André Portilho, the banks dead of digital assets commented for CoinDesk:
“Cryptocurrencies are a new technology with great potential for transformation, bringing with it risks and opportunities. Entering the cryptocurrency universe is another important step in meeting a demand from our clients and filling a gap in the market."
The second player to get in the crypto market was XP, one of the country's largest brokerages. It launched XTAGE, its new trading branch cooperating with Nasdaq.
According to an official announcement from Nasdaq, XTAGE will give more than 3.5 million customers access to buying, selling, trading and holding BTC and ETH.
XP had previously tested the platform in May, when executive vice president Roland Chai praised the "robust and flexible infrastructure" by Nasdaq. He also expected XP to "scale its platform reliably and introduce new asset classes."
The launches follow Mercado Pago's announcement to roll out crypto in Brazil. Mercado Pago is one of Latin America's biggest online payment platforms
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