Brazillian Brokerage Firm Introduces Trading For Crypto Assets Amid Bear Market
16 Agosto 2022 - 3:00PM
NEWSBTC
With the gradual crypto market recovery, many players are regaining
their confidence in the sector. As a result, more and more support
for crypto and its products is already resuming after the terrible
crypto winter. For instance, another brokerage giant in Brazil has
just launched support for BTC and ETH trading on its platform. The
brokerage firm XP Inc. already boasts 3.6 million users. Adding a
platform where anyone can trade crypto named XTAGE is already
exposing these users to the digital space. This is, of course, a
way forward for the industry. XP Inc. is simply the newest firm to
add support for crypto trading. Before now, Nubank and MercadoLibre
have already done it. Related Reading: Shiba Inu Trends Upwards
Through Strong Whale Accumulations Nubank is the leading bank for
digital assets in Brazil and Latin America. In addition, the bank
partnered with Paxos in 2021 to enable customers’ access to digital
currency directly from its platform. They could buy, store or sell
their crypto without issues. MercadoPago also did the same for
their Brazillian clients when they allowed them to buy, hold or
sell BTC, ETH, and USDP in 2021. XTAGE Crypto Trading Platform The
crypto community in Brazil received this news on August 15 through
the Twitter account of Nasdaq Exchange. .@xpinvestimentos joins us
for the Opening Bell to celebrate the XTAGE digital assets trading
platform. Leveraging @NasdaqExchange’s technology, XTAGE represents
a key milestone in democratizing access to the digital assets
market in Brazil. pic.twitter.com/DS3RXtWVpb — Nasdaq Exchange
(@NasdaqExchange) August 15, 2022 The message was calling all
followers to celebrate with the company for the recent launch of
XTAGE. Interestingly, the new platform will leverage Nasdaq
Exchange technology to facilitate operations. Also, XP Inc. aims to
use the medium to allow easy access to crypto for Brazilians
interested in digital assets investments. Through thia, the 3.6
million users on the brokerage platform can now trade BTC or ETH as
they want. Even though the firm started with these top two cryptos
in the market, they had already disclosed to a reliable source in
May that they would add more digital assets. Also, XTAGE will host
crypto-based investment products with time. Notably, XTAGE is not
only the brainchild of XP Inc. In fact, the firm partnered with
BitGo and Nasdaq to make a dream come true. BitGo is a crypto
custody firm, while Nasdaq is the famous American stock exchange.
All these top shots contributed to launching the platform. Now,
XTAGE is integrated into the XP network, giving users access to
crypto via their XP apps. But according to the financial product
director of XP, the XP users who can access the XTAGE platform now
are those with good investment profiles. Lucas Rabechini disclosed
this in July. Related Reading: XRP Sluggish At Resistance – Will It
Break Out After 2 Months Of Vertigo? Also, given that XTAGE is
built on Nasdaq tech, it is integrated with MetaTrader 5, a stock
and forex tool. As for BitGo’s contribution, it will be the
custodian for the platform to store XTAGE assets in cold wallets
outside the internet for maximum security. Featured image from
Pixabay, Chart from TradingView.com
SHIBA INU (COIN:SHIBUSD)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
SHIBA INU (COIN:SHIBUSD)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024