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

Called Mynt, the product allows customers to trade BTC, ETH, SOL, DOT and ADA.

AccessTimeIconAug 16, 2022 at 3:56 p.m. UTC
Updated May 11, 2023 at 6:53 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

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

  • Staking Has Been a Major Liquidity Sink for ETH: Coinbase Institutional
    00:53
    Staking Has Been a Major Liquidity Sink for ETH: Coinbase Institutional
  • Ether Surges Above $26K Following Spot Bitcoin ETF Approval
    01:36
    Ether Surges Above $26K Following Spot Bitcoin ETF Approval
  • Digital Assets Head Weighs in on Spot Bitcoin ETF Race in the U.S.
    01:09
    Digital Assets Head Weighs in on Spot Bitcoin ETF Race in the U.S.
  • Understanding the Success of Spot Bitcoin ETFs in Brazil
    06:12
    Understanding the Success of Spot Bitcoin ETFs in Brazil
  • 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.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Paulo Alves

    Paulo Alves is a crypto editor at InfoMoney, a leading financial news publication in Brazil.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.