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Brazil’s BTG Pactual to offer Bitcoin and Ethereum investment options By BTC Peers

by Mike Robinson

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© Reuters Brazil’s BTG Pactual to offer Bitcoin and Ethereum investment options

According to local reports, one of Brazil’s leading banks, BTG Pactual, is looking to launch an initiative that will allow customers to trade digital assets directly through a new platform called Mynt.

The product, which is expected to launch in Q1 2022, will include the two leading cryptocurrencies and . Banco BTG Pactual S.A. will be the first Brazilian bank offering such services.

Andre Portilho, the head of digital assets for the bank confirmed this move. He revealed that the institution intends to add more cryptocurrencies in the future:

At this first moment, we will have the two main assets of the market, but we will include other cryptos for trading over time. The platform will include all assets that are blockchain-based.

The initiative is not BTG Pactual’s first engagement with the cryptocurrency industry. ReitBZ, a security token it previously launched in May was also introduced by BTG Pactual.

A recent survey found that nearly one-third of Brazilians are interested in cryptocurrency. But, they are not able to invest because of a lack knowledge. BTG Pactual plans to provide educational features about digital asset technology.

With all of the educational content we plan to create, this will distinguish the platform as well as help grow the market.

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