Deutsche Banker Starts New Bitcoin Exchange in Brazil
Today BTCFlow has launched the first institutional exchange in Brazil, Latin America’s largest economy. “The digital currency market in Brazil is still in its infancy,” said Marcelo Miranda, founder of BTCFlow. “However, we are seeing aggressive growth and adoption in other markets, and have no doubt Brazil will follow suit.” BTCFlow was founded by Marcelo Miranda, a nine-year veteran of the Brazilian division of Deutsche Bank. While at Deutsche, he was the head of equity trading for Brazil. Spanning all of his career, he has accumulated over 15 years in finance and technology.
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There's no shortage of theories as to why Brazil has yet to become a hotbed of bitcoin adoption in Latin America. Popular ideas include everything from the language barrier (limited access to Portuguese bitcoin resources) to past incidents with exchanges (the mystery surrounding Bitcoin Rain). However, the most likely culprit may be a lack of fundamentals in its market, according to one entrepreneur. "The problem with liquidity in Brazil is we have natural buyers, we have people who want to trade, but we don't have natural sellers," explains Marcelo Miranda, a nine-year Deutsche Bank....
CoinTelegraph spoke to Miranda about his plans for the newly launched exchange, Bitcoin’s “untapped potential” in Latin America, and the increasing popularity of BTC in the world’s 7th largest economy, Brazil. FlowBTC is Brazil’s newest Bitcoin exchange that just launched today. "The problem with liquidity in Brazil is we have natural buyers, we have people who want to trade, but we don't have natural sellers," said Marcelo Miranda, a nine-year Deutsche Bank veteran and founder of FlowBTC, to CoinDesk. This problem has been tackled via a partnership with AlphaPoint, a “software platform....
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