Brazil’s Largest Broker XP Just Launched Bitcoin Trading Services Today

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  • The largest broker in Brazil has launched bitcoin trading services for its clients.
  • XP has over 3.6 million users.
  • The company has a goal of 200,00 users by year end with a scalable capacity of one million users.

XP Inc., Brazil’s largest broker when measured by market value, has officially launched bitcoin trading services enabling its 3.6 million users to buy, sell and hold bitcoin, per a report from Brazilian publication ISTOE.

Xtage, the broker’s new digital asset trading platform developed in partnership with Nasdaq, opened operations today with a year-end goal of 200,000 active users. However, the platform currently holds capacity to support up to 500,000 users, and the company stated it has the potential to scale up to one million users, covering almost one-third of its existing clientele.

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