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Brazil's Largest Investment Bank, BTG Pactual, Launches Crypto Trading Platform

·1 min read

This article is adapted from CoinDesk Brasil, a partnership between CoinDesk and InfoMoney, one of Brazil's leading financial news publications. Follow CoinDesk Brasil on Twitter.

Brazil's largest investment bank, BTG Pactual, has launched a crypto trading platform

Available since Monday, the platform, called Mynt, allows users to trade BTC, ETH, SOL, DOT and ADA with a minimum investment of 100 Brazilian reals, equivalent to $19.42.

“Cryptocurrencies are a new technology with great potential for transformation, bringing with it risks and opportunities. Entering the cryptocurrency universe is another important step in meeting a demand from our clients and filling a gap in the market," André Portilho, head of digital assets at BTG Pactual, said in a statement.

In September, BTG Pactual announced that it would release Mynt in the fourth quarter of 2021 with access to BTC and ETH.

In April 2019, the bank issued its ReitBZ security token, while in April 2021 it launched a bitcoin fund, the first managed by a financial institution in Brazil. A month later, it opened a fund based on ether.

Also on Monday, XP, the largest Brazilian brokerage by market value, launched a crypto trading platform allowing users to invest in BTC and ETH.

This article was translated by Andrés Engler and edited by CoinDesk. The original Portuguese article can be found here.