Brazil brokerage giant with 3.6M clients launches BTC and ETH trading

. @xpinvestimentos joins the Opening Bell to celebrate the XTAGE digital property trading platform.
— August 15, 2022, Nasdaq Exchange (@NasdaqExchange).

Brazil competitors

XP Incs 3.6 Million customers will initially have access to Bitcoin (BTC), Ethereum (ETH), however the broker informed Cointelegraph in May that strategies remained in place to support “other digital possessions and financial investment items based upon crypto assets in future.”

Lucas Rabechini, XP Director for Financial Products, told Reuters that only customers with “appropriate financial investments profiles for such operations” would be permitted into the XTAGE platform.

BitGo, a crypto custody company, is now established to function as custodian and shop most of XTAGEs assets in cold wallets that are not connected to the internet.

XTAGE was established in partnership with the major American stock exchange Nasdaq, and crypto custody firm BitGo. It is fully integrated into XPs environment, allowing users make crypto trades from their existing app.

XTAGE is built on the trading innovation of Nasdaq and integrates with MetaTrade 5, a stock and forex trading tool.

XP Inc is the most recent Brazilian fintech business to use crypto trading services. It follows in the footsteps Nubank and MercadoLibre.

Brazilian brokerage giant XP Inc launched its crypto trading platform XTAGE in Brazil. This might bring 3.6 million people to the crypto markets.

The Nasdaq Exchange tweeted the news on Aug. 15, keeping in mind that XP had actually rung “Opening Bell” of the exchange to celebrate the launch XTAGEs digital possessions trading platform

Related: PicPay, a Brazilian payment app, launches a crypto exchange with Paxos

MercadoPago is the fintech arm from MercadoLibre that revealed that Brazilian clients can purchase, offer, and hold BTC and ETH in December 2021.
Learn more

In May this year, Nubank, Brazils largest digital bank, revealed a collaboration contract with Paxos.

Consumers were able to purchase, sell, and store cryptocurrencies through Nubank immediately after the statement.

The Nasdaq Exchange tweeted the news on Aug. 15, keeping in mind that XP had actually rung “Opening Bell” of the exchange to commemorate the launch XTAGEs digital assets trading platform

. @xpinvestimentos joins the Opening Bell to honor the XTAGE digital asset trading platform. XTAGE, which leverages the innovation of @NasdaqExchange, is a substantial milestone in equalizing Brazils digital assets market.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Jeannine Cruz

Jeannine Cruz– Earnings I am known as Jeannine Cruz, I am a writer and an industrialist by profession. My age is 32 years. My aim is to gather the attention of the targeted audience without being boring and unexciting. I like to utilize the free time in writing my views and thoughts for my book lovers or readers. My most preferred articles are usually about finance and business; however, I have written various topics in my articles. I do not have a specific genre. I get very creative when I have to express myself, I often sing, write or draw to portray my feelings. When it comes to my free time or you can say ‘ME-TIME’, I love to play with my cat, sleep an extra hour, or play my favorite video games.

2021's Most Anticipated Growth & Wealth-Building Opportunity

Join Thousands of Early Adopters Just Like You Who Want to Grow Capital and Truly Understand Cryptocurrency Together

Close Bitnami banner
Bitnami