spot_imgspot_imgspot_img

Brazil and Latin America’s Largest Bank to Offer Bitcoin and Ethereum Services!

  • Itau Unibanco, Brazil’s largest bank, launched a cryptocurrency trading service for its investment platform customers on Monday.
  • Guto Antunes stated, “It starts with Bitcoin, but our general strategic plan is to expand to other crypto assets in the future.”
  • Antunes claimed that Itau would stand out from its competitors because it would also serve as a custodian, protecting users’ assets.

Itau Unibanco, the largest bank in Brazil and Latin America, is entering the world of Bitcoin and Ethereum trading!

Brazil’s Largest Bank Dives into Crypto

cryptocurrency

Itau Unibanco, Brazil’s largest bank, launched a cryptocurrency trading service for its investment platform customers on Monday, becoming one of the local players entering the digital asset exchange market with this move.

Initially, Itau’s new service will allow buying and selling of the most popular cryptocurrencies, Bitcoin and Ether. However, in an interview with the digital asset manager Guto Antunes, the bank aims to add other cryptocurrencies in the future.

Guto Antunes said, “It starts with Bitcoin, but our general strategic plan is to expand to other crypto assets,” and added: “Any expansion will depend on how crypto regulations in the country evolve.”

This move positions Itau to compete with global giants such as Binance, along with local competitors like the cryptocurrency exchange MB and the investment bank BTG Pactual’s digital assets unit Mynt.

Itau Unibanco aims for market dominance

Antunes said that Itau would stand out from its competitors because it would also serve as a custodian, protecting users’ assets.

This step comes about a month after two local players announced their withdrawal from the crypto market. Brokerage and investment firm XP did not disclose the reason for closing its crypto services, but financial services company PicPay, owned by the J&F conglomerate, cited regulatory uncertainties.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news

spot_imgspot_imgspot_imgspot_img

Latest News

Financial Advisory Firm Carson Group Approves 4 Spot Bitcoin ETF Products!

Financial advisory platform Carson Group has made four spot Bitcoin ETF products accessible to its clients.

Bitcoin Approaches Its Next Halving: Can This Time Be Different?

As Bitcoin nears another halving, the crypto community watches closely, anticipating its potential impact on the market amidst evolving circumstances.

Bitcoin Funding Rate Dips Negative Amid $251M ETF Inflows: A Bearish Signal or Market Resilience?

This article delves into the recent negative turn in Bitcoin's funding rate against a backdrop of significant ETF inflows, exploring whether this signals a bearish trend or underscores the cryptocurrency's resilience.

Massive XRP Transfer Raises Concerns: XRP May Experience Selling Pressure!

The substantial transfers of XRP have garnered attention; will the transfers to Bitso and Bitstamp create selling pressure on XRP?

Uniswap Introduces “uni.eth” Subdomains with ENS Integration: Here are the Details!

Decentralized exchange platform Uniswap has introduced uni.eth subdomains with Ethereum Name Service integration.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.

Medium Term Ethereum Technical Analysis! What Awaits Its Investors?

When examining the medium-term technical chart of Ethereum, strong buying pressure is observed, pushing the price up from the $2139 support to the $2350 region. However, for the price to sustain its upward movement, it needs to surpass the $2407 resistance.

Can Bitcoin Fall To $35,000 Levels? Current BTC Analysis

When examining Bitcoin's 5-day technical chart, the analysis from January 18 is ongoing, indicating a continued downward movement from the $48,189 level. Bitcoin needs to close 5-day candles above the $44,200 resistance to gain momentum for an upward trend. 
Celal Mutlu
Celal Mutluhttps://coinotag.com/
Celal Mutlu is a young Satoshi reflection at the age of 21. His favorite characters are CZ and Vitalik, and he has a great sense of humor. Celal is a keen follower of developments in the world of cryptocurrency and keeps up with the latest news and trends.
spot_imgspot_imgspot_imgspot_img

Financial Advisory Firm Carson Group Approves 4 Spot Bitcoin ETF Products!

Financial advisory platform Carson Group has made four spot Bitcoin ETF products accessible to its clients.

Bitcoin Approaches Its Next Halving: Can This Time Be Different?

As Bitcoin nears another halving, the crypto community watches closely, anticipating its potential impact on the market amidst evolving circumstances.

Bitcoin Funding Rate Dips Negative Amid $251M ETF Inflows: A Bearish Signal or Market Resilience?

This article delves into the recent negative turn in Bitcoin's funding rate against a backdrop of significant ETF inflows, exploring whether this signals a bearish trend or underscores the cryptocurrency's resilience.