Bitcoin
Bitcoin (BTC)
$68,287.00 7.98922
Bitcoin price
Ethereum
Ethereum (ETH)
$3,630.54 4.0021
Ethereum price
BNB
BNB (BNB)
$418.95 0.9675
BNB price
Solana
Solana (SOL)
$133.09 1.72829
Solana price
XRP
XRP (XRP)
$0.6485170 3.4247
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000378 70.24963
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000072 23.90807
Pepe price
Bonk
Bonk (BONK)
$0.0000385 45.78343
Bonk price
Bitcoin
Bitcoin (BTC)
$68,287.00 7.98922
Bitcoin price
Ethereum
Ethereum (ETH)
$3,630.54 4.0021
Ethereum price
BNB
BNB (BNB)
$418.95 0.9675
BNB price
Solana
Solana (SOL)
$133.09 1.72829
Solana price
XRP
XRP (XRP)
$0.6485170 3.4247
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000378 70.24963
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000072 23.90807
Pepe price
Bonk
Bonk (BONK)
$0.0000385 45.78343
Bonk price
Bitcoin
Bitcoin (BTC)
$68,287.00 7.98922
Bitcoin price
Ethereum
Ethereum (ETH)
$3,630.54 4.0021
Ethereum price
BNB
BNB (BNB)
$418.95 0.9675
BNB price
Solana
Solana (SOL)
$133.09 1.72829
Solana price
XRP
XRP (XRP)
$0.6485170 3.4247
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000378 70.24963
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000072 23.90807
Pepe price
Bonk
Bonk (BONK)
$0.0000385 45.78343
Bonk price
Bitcoin
Bitcoin (BTC)
$68,287.00 7.98922
Bitcoin price
Ethereum
Ethereum (ETH)
$3,630.54 4.0021
Ethereum price
BNB
BNB (BNB)
$418.95 0.9675
BNB price
Solana
Solana (SOL)
$133.09 1.72829
Solana price
XRP
XRP (XRP)
$0.6485170 3.4247
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000378 70.24963
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000072 23.90807
Pepe price
Bonk
Bonk (BONK)
$0.0000385 45.78343
Bonk price

Brazil’s major bank enters crypto space with new trading service

brazils-major-bank-enters-crypto-space-with-new-trading-service
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News
Brazil’s major bank enters crypto space with new trading service

Brazil’s largest lender, Itau Unibanco, announced its entrance into the crypto market by introducing a trading service for clients on its investment platform. 

The initial offering includes trading in Bitcoin (BTC) and Ether (ETH), with plans to incorporate additional cryptocurrencies.

According to the announcement, the decision would position Itau to compete with local entities like crypto exchange MB, investment bank BTG Pactual’s digital assets unit Mynt, and global players like Binance in the Brazilian market.

“Our initial focus is on Bitcoin, but our broader strategic plan involves expanding to other crypto assets, contingent upon the evolving regulatory landscape in the country.” 

Itau Unibanco representative

At present, uncertainty has shaped the market, with the financial services firm PicPay, owned by conglomerate J&F, attributing its recent decision to exit to “regulatory uncertainties” and XP, a brokerage and investments company, also discontinuing its crypto service.

Preparing for Brazilian CBDC Drex

That said, several players continue to push forward in cryptocurrency innovation. As of Oct. 31, Brazil’s central bank was preparing to launch its digital currency, Drex, with major financial institutions, including Itau Unibanco, BTG Pactual, and Santander Brasil, also being reported as “intensifying their endeavors.”

At the time, these banks were expanding their workforce and making significant investments in the technological infrastructure necessary for the widespread adoption of Drex, providing a positive background for Itau’s new trading service.

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