Top Brazilian funding financial institution BTG Pactual launches crypto buying and selling app
Leading Brazilian funding financial institution BTG Pactual has launched a brand new platform enabling prospects to make direct investments in cryptocurrencies.
The financial institution’s Mynt platform presently permits customers to buy Bitcoin and Ether, with BTG Pactual expressing its intention to launch help for added crypto property sooner or later. Andre Porthilo, BTG Pactual’s head of digital property, stated:
“At this primary second, we can have the 2 foremost property of the market, however we are going to embrace different cryptos for buying and selling over time. We can have a whole platform with blockchain-based property.”
BTG Pactual CEO, Roberto Sallouti, described Mynt’s creation as being in response to “demand from our customers who wish to trade crypto.”
Sallouti added that Mynt plans to host education content designed to inform new users about cryptocurrencies and blockchain technology, stating: “As a new asset class, we will also have content to educate and inform our customers about these assets and the technology.”
According to local news outlet The Rio Times, Mynt’s launch makes BTC Pactual the first major Brazilian financial institution to allow its customers to “participate directly” in the crypto asset markets.
Porthilo asserted that the bank’s status as being regulated by both the Brazilian Securities Commission and local central bank will lend credibility to the country’s burgeoning crypto sector.
“With the support of BTG Pactual, Mynt has fundamental differentials in security and credibility [—] characteristics that are fundamental in a new category of investments with which most people [are] not yet used to,” he added.
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Mynt shouldn’t be BTG Pactual’s first foray into the crypto sector, with the financial institution launching its actual estate-backed safety token ReitBZ in 2019 after spending a few years analyzing digital property.
In April of this yr, BTG Pactual additionally turned the primary Brazilian funding financial institution to launch a crypto fund after unveiling its Bitcoin 20 Multi-Market Investment Fund.