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Banks & Cryptos / Brazil’s Largest Bank Itau Unibanco Launches Crypto Trading
« on: December 06, 2023, 05:41:13 PM »
Hi fellows
Brazil's largest bank Itau Unibanco has entered the crypto market offering trading services on its investment platform. Initially focusing on Bitcoin and Ethereum bank's digital asset head expressed a commitment to expand options. This move comes amid a positive year for the digital asset sector globally. Itau's entry showcases Brazil's growing interest in crypto space after FTX collapse. The bank aims to compete with other local entities and position Brazil as a flourishing hub for digital assets. It highlights Itau's strategic plan to diversify beyond Bitcoin. The development emphasizes Itau's competitive edge through custodianship and asset protection. Overall Itau Unibanco's crypto venture adds momentum to the evolving landscape in South America.
Source
Brazil's largest bank Itau Unibanco has entered the crypto market offering trading services on its investment platform. Initially focusing on Bitcoin and Ethereum bank's digital asset head expressed a commitment to expand options. This move comes amid a positive year for the digital asset sector globally. Itau's entry showcases Brazil's growing interest in crypto space after FTX collapse. The bank aims to compete with other local entities and position Brazil as a flourishing hub for digital assets. It highlights Itau's strategic plan to diversify beyond Bitcoin. The development emphasizes Itau's competitive edge through custodianship and asset protection. Overall Itau Unibanco's crypto venture adds momentum to the evolving landscape in South America.
Source