The largest investment bank in Latin America begins offering cryptocurrency brokerage services
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Answer The largest investment bank in Latin America begins offering cryptocurrency brokerage services
Yesterday, Monday, August 15, BTG Pactual Bank, the largest investment bank in Latin America, launched cryptocurrency brokerage services.
Banks in Latin America and Brazil have been quick to establish a foothold in the cryptocurrency space.
Amidst the uncertain economic conditions, the demand for crypto assets in this region has skyrocketed.
The announcement comes from “BTG Pactual” on the same day XP Bank launched its services.
The executive mentioned that they are also working on integrating stablecoins into their platform.
However, the same spokesperson declined to comment on whether it would be the bank’s original stablecoin or one belonging to a third party issuer.
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Cryptocurrencies supported by BTG Pactual Bank:
The “Mynt” platform from “BTG Pactual” will support five cryptocurrencies, namely:
Bitcoin, Ethereum, Cardano, Polkadot and Solana.
André Portilho, CEO of the new Mynt platform, said:
We will include more cryptocurrencies, but this depends on customer demand and our internal project evaluation process.
The CEO declined to predict the future price of the cryptocurrency.
As reported by Portal do Bitcoin, Portilho stated:
For example, I don’t know if we’ve hit the bottom yet.
Interestingly, he also commented on the Bitcoin mining reward split cycle and the subsequent upward trajectory.
Bitcoin mining reward split has become a myth that drives the price of bitcoin.
In the past, it was undoubtedly important, but it is no longer so today.
With the largest investment bank in Latin America joining the crypto bandwagon, more financial players are likely to be involved in the space.
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