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.
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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.