Brazilian Digital Bank Nubank Launches Bitcoin and Ethereum Trading

Brazilian Digital Bank Nubank Launches Bitcoin and Ethereum Trading

2022/5/12

Nubank, Brazil’s most prominent digital bank by market capitalization, announced Wednesday that it would add options for customers to buy and sell bitcoin and Ethereum on its platform, according to reports. Paxos’ blockchain infrastructure will provide crypto trading and custody services. The product will be gradually available to Nubank users in Brazil on Thursday, Paxos said, adding that the product will reach all customers by the end of July. According to Paxos, users will be able to buy and sell cryptocurrencies in Brazilian reals but initially will not withdraw or deposit cryptocurrencies. According to Nubank’s website, the company has only allowed users to invest in cryptocurrencies through exchange-traded funds offered by its investment arm NuInvest.

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