BTG Pactual to launch platform for cryptocurrency trading

The Brazilian investment bank BTG Pactual announced the launch of a trading platform focused on digital assets. In its initial phase, clients will gain access to Bitcoin and Ethereum.

We are the first major financial institution in the country to participate directly in the crypto-asset market. Soon, our clients will be able to invest in Bitcoin and Ether in a simple, secure way, with full support through the app or the website. Learn more at https://t.co/ahPNnsiZGA. pic.twitter.com/J11s9qlbY3

— BTG Pactual digital (@BTGPDigital) September 20, 2021

BTG Pactual plans to expand the list of cryptocurrencies, The Rio Times reports, citing the bank’s head of digital assets, André Portilo. The organisation explained the decision to launch the new product was driven by client demand.

The platform will also host informational and educational content dedicated to cryptocurrencies and blockchain technology.

BTG Pactual is the largest investment bank in Latin America and the Caribbean. In 2019, the firm and Dubai-based asset manager Dalma Capital announced that they would use the Tezos blockchain for STO worth more than $1 billion.

In April 2021, the cryptocurrency exchange Gemini стала партнером биткоин-фонда BTG Pactual. The company will provide custodial and trading services to the structure.

In August, the president of Brazil’s Central Bank, Roberto Campos Neto, spoke in favour of creating a regulatory framework for the crypto industry.

Earlier, Brazil became the second country in the world to register a Bitcoin ETF. The first such investment product was approved by Canadian regulators.

Subscribe to ForkLog’s channel on YouTube!