Deutsche Bank Veteran Starts Institutional Bitcoin Exchange in Brazil

Deutsche Bank Veteran Starts Institutional Bitcoin Exchange in Brazil

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....


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