Brazil’s Largest Investment Broker To Offer Bitcoin Trading In August: Report Today

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  • Brazil’s largest investment broker, XP Inc., will begin offering bitcoin trading next month.
  • The broker will offer its trading services on a new cryptocurrency trading platform developed alongside Nasdaq.
  • BitGo will serve as the custodian for digital assets held by the trading platform.

XP Inc., the largest investment brokerage in Brazil by market value, will allow some customers to begin trading bitcoin next month, according to a report from Reuters.

XP will list bitcoin and one other cryptocurrency on its cryptocurrency trading platform, Xtage, by mid-August. The broker plans to expand its product offerings by the end of the year, the company’s director of financial products Lucas Rabechini said, per the report.

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