BTG Pactual, a leading Brazilian bank for investment, has launched a new platform that allows customers to invest in cryptocurrency directly.
BTG Pactual has announced its intention to support additional crypto assets. The Mynt platform allows users to buy Bitcoin and Ether. Andre Porthilo is the head of digital assets at BTG Pactual.
“At the moment, we will only have the main market assets, but over time, we will add other cryptos to trade. A complete platform will be available with all blockchain-based assets.
Roberto Sallouti (CEO of BTG Pactual) described Mynt’s birth as a response to customers who want to trade crypto.
Sallouti stated that Mynt will host educational content about cryptocurrencies and blockchain technology.
According to The Rio Times, Mynt’s launch made BTC Pactual the first Brazilian financial institution that allows its customers to “participate direct” in crypto asset markets.
Porthilo stated that the status of the bank as being regulated both by the Brazilian Securities Commission (BSR) and the local central bank will give credibility to the country’s growing crypto sector.
He said that Mynt now has fundamental differences in security and credibility [–] which are fundamental to a new category investment with which most people are not familiar.
Related: Visa is rumored to be looking at Bitcoin payments in Brazil
BTG Pactual isn’t the first to venture into crypto, as Mynt launched its ReitBZ security token in 2019. This comes after a few years of studying digital assets.
After unveiling the Bitcoin 20 Multi-Market Investment Fund, BTG Pactual became the first Brazilian bank to launch a cryptocurrency fund in April.
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