Largest Bank in Brazil Itau Unibanco Opens Cryptocurrency Trading to All Users

[sirty143]

Largest Bank in Brazil Itau Unibanco Opens Cryptocurrency Trading to All Users

Itau Unibanco, the largest bank in Brazil and all of Latam, has reported the availability of cryptocurrency trading services for all its users. Through Ion, the bank’s in-house investment platform, customers can purchase... See more for yourself here.

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[TomPluz]

Yes, this is a big good news coming from the Latam market which I can sense is now expanding as more and more countries are getting friendly to the idea of Bitcoin and cryptocurrency as the demand for crypto is emerging and for banks the prospect for profits is getting better and better. Buoyed by its influential big clients, this is a good decision made by Itau Unibanco that can be making impact on the crypto industry in this region. And this can be a good sign for other banks to also think ahead and then make similar moves as they don't want to be left behind in the trail towards financial domination. For now, clients can only choose Bitcoin and Ethereum though there can be more coming as the infrastructure provided will allow it. Surely, this is another solid institutional adoption worthy of mention and maybe even of praise.