Grupo XP’s Brazilian Clients Will Soon Have Access to Cryptocurrency Trading

Grupo XP’s Brazilian Clients Will Soon Have Access to Cryptocurrency Trading
фото показано с : blokt.com

2018-9-27 19:29

Cryptocurrency adoption will likely experience a surge in the coming months. In a recent announcement, it was said that Brazil’s biggest independent brokerage will join the crypto market and will soon be launching a trading platform for Ethereum and Bitcoin, which will give its existing massive client base access to cryptocurrency trading.

Brazil’s Biggest Brokerage Enters the Crypto Market

Brazil’s biggest independent brokerage, Grupo XP, will be launching a trading platform for Bitcoin and Ethereum in the coming months, according to a Bloomberg report. The announcement was made by its chief executive officer, Guilherme Benchimol, during a Sao Paulo event.

According to an article on Yahoo Finance, this crypto trading platform will be integrated into the brokerage’s existing infrastructure. This will give Grupo XP’s customers access to the crypto market, allowing them to also invest in this new asset class.

The new exchange will be called XDEX and will be headed by Thiago Maffra. It will operate independently from XP’s brokerage businesses and will initially have 40 employees.

XDEX Is Targeting $245 Billion in Two Years

Despite his announcement of the group’s new venture, Benchimol admitted that he is not a fan of cryptocurrencies. However, he had to shelve this reluctance given the massive interest toward digital coins that potential investors have shown recently. Seeing this massive demand, Grupo XP had no choice but to enter into the crypto business. Benchimol said:

“I must confess, this is a theme I’d rather didn’t exist, but it does. We felt obligated to start advancing in this market.”

According to Benchimol, around three million Brazilians have already invested in Bitcoin. For comparison, only around 600,000 have investments in stocks, which shows the overwhelming appetite of his countrymen for digital currencies.

Given the sector’s massive potential, Benchimol likewise revealed Grupo XP’s ambitious target, which he hopes to achieve in two years. The CEO said that by 2020, they expect XP to have 1 trillion reais or $245 billion under custody.

Grupo XP’s Brazilian Clients Will Soon Have Access to Cryptocurrency Trading was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Global Cryptocurrency (GCC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0012921 (-100%)

cryptocurrency trading access soon brokerage biggest grupo

Источник: blokt.com

cryptocurrency trading → Результатов: 126


Фото:

Problem gamblers more likely to obsessively trade cryptocurrency, research finds

A new study has linked cryptocurrency trading obsession with problematic gambling – those who bet too regularly are at an elevated risk of trading cryptocurrency more frequently. The study, which surveyed 876 adults who had gambled at least monthly, found that more than 50 percent of participants had traded cryptocurrency over the past year.

2019-3-11 16:15


[VIDEO] Crypto Daily Digest: Blockchain and Cryptocurrency News For Today November 8th

Cryptocurrency Market Trading Volume Grows From $10 Billion To $13 Billion Dollars Cryptocurrency Market Trading Volume Grows From $10 Billion To $13 Billion Dollars 3 Cryptocurrency Investment Trading Tips For All Bitcoin Newbies 3 Cryptocurrency Investment Trading Tips For All Bitcoin Newbies Innovative Ways To Indirectly Invest In Bitcoin Without Directly Trading Cryptos Innovative Ways […]

2018-11-9 00:21


Robinhood Delves Deeper Into Crypto Trading, Could Challenge Coinbase’s Dominance

Robinhood, more commonly known as the commission-free stock trading app, has been making waves in the cryptocurrency scene lately. Various reports have surfaced stating that the company appears to be getting serious in its cryptocurrency business, putting it on a collision course with Coinbase, the current number one crypto exchange and broker in the US.

2018-6-28 01:59


Фото:

Markets Update: Cryptocurrency Prices Tumble Before the Weekend

Cryptocurrency markets are slumping today as most digital asset markets are seeing losses between 8-20 percent over the past 24-hours. Lots of speculators are attributing the dump to the recent measures taken by Japan’s Financial Services Agency (FSA), asking cryptocurrency exchanges like Bitflyer to make improvements to the Japanese trading platforms’ anti-money laundering practices.

2018-6-23 21:40


Фото:

Still Bullish on Bitcoin Despite Bithumb Hack: Brian Kelly and Charlie Lee Weigh In

Both Brian Kelly and Charlie Lee remain bullish on Bitcoin despite the recent hack of Bithumb, which resulted in the theft of over $31 million worth of cryptocurrencies.   Brian Kelly: Things are Different for Bitcoin This Time Around Earlier this week, South Korean exchange Bithumb – currently the eight largest cryptocurrency exchange by means of trading volumes – was hacked, resulting in the theft of more than $31 million worth of cryptocurrencies.

2018-6-22 09:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum Memecoin $PEPE Surges As Whales Accumulate Profits

The Ethereum memecoin $PEPE has seen a remarkable surge, hitting an all-time high of $0.00001127 today with a market cap surpassing $4.5 billion.  This represents a significant gain of over 11% for the day and 32% over the past 7 days, making it the second largest crypto memecoin in the […]