BTG Pactual is considered one of the largest and most successful banks in the South American nation Brazil. The bank has recently acquired the attention of cryptocurrency enthusiasts all around the world. The main reason for this debate and discussion is the new digital asset trading application launched by Pactual for public use.
The application can provide services to the people who want to get a chance to invest in Bitcoin directly. This move has made Pactual the first centralized banking institution in Brazil to venture into cryptocurrency trading. The digital payments platform of Pactual is going to allow the users to purchase, exchange, hold, and sell their Bitcoin holdings.
Citizens Of Brazil Want Crypto Exposure
Roberto Sallouti is the CEO of BTG Pactual. Speaking to the media, he recently added that the bank has decided to start working on a cryptocurrency project due to the increasing demand from the clients. The local media outlet Exame covered the interview with Sallouti. He also told the media about the initiative launched by the bank to encourage crypto trading in the region.
Sallouti claimed that the BTG bank has also added a lot of educational content for users who are still unfamiliar with the concept of Bitcoin. This educational content will help the users who want to learn more about the ways of Bitcoin trading and its several use cases. Andre Porthilo is appointed as the new head of the digital asset department at Pactual. He told the journalists that the bank is backed by the Securities Commission of Brazil and the central bank as well.
This is not the first time that BTG Pactual is venturing into the digital currency and blockchain arena. In 2019, the bank introduced its personalized token called ReitBZ. The minimum investment limitation on this token is set at $500. However, there are still some concerns by the users about their new Bitcoin-based venture. The experts are still unable to understand that if the bank is going to allow the users to withdraw their Bitcoin holdings. Most of the analysts speculate that it is going to be a way for the traditional investors to gain direct exposure to Bitcoin for the diversification of their portfolios. The bank has also announced tokenized securities without showing any distinction between BTC and other cryptocurrencies.
The post Giant Brazilian Bank Rolls Out Crypto Trading App appeared first on CryptocyNews.com.
from CryptocyNews.com https://www.cryptocynews.com/giant-brazilian-bank-rolls-out-crypto-trading-app/
via Bitcoin News
via Bitcoin News Today
No comments:
Post a Comment