Brazil’s Largest Broker XP To Launch Bitcoin Trading
XP is the largest broker by market value in Brazil and they intend to launch bitcoin trading by the end of June this year, in partnership with Nasdaq and BitGo.XP, Brazil’s largest broker, plans to allow bitcoin and other cryptocurrency trading to its 3.5 million customers. Nasdaq partnered with XP to create the XTAGE trading platform, which is expected to release this June. BitGo will be XP’s custodial partner, keeping most of the bitcoin and other assets in cold storage for security. XP, Brazil’s largest broker according to market value, is planning to launch a cryptocurrency trading....
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The broker has 3.6 million users and its new trading platform developed in partnership with the Nasdaq can scale to support one million users for bitcoin trading.
In partnership with Nasdaq and BitGo, XP Inc. will offer bitcoin trading services leveraging cold storage custody solutions on a new platform.
Japan’s largest investment banking broker is set to launch a subsidiary focused on institutional bitcoin and cryptocurrency products.
Kraken, a popular San Francisco-based cryptocurrency exchange, announced on Wednesday on the /r/BitcoinMarkets subreddit that its new margin trading option entered Beta launch. The launch of this option comes right after another popular exchange, Poloniex, opened a similar feature a few days ago. Margin Trading is the practice of buying stock with money borrowed from a broker. In this arrangement, the investor makes a cash down payment, called the margin, with the broker and can purchase stocks worth about twice the loan amount. The broker charges interest on this loan, and the investor....
Brazil’s central bank, the Banco Central do Brasil (BCB), is pushing for more time to roll out its central bank digital currency (CBDC). Earlier in May, BCB released a document covering the general guidelines and characteristics of Brazil’s future CBDC. Roberto Campos Neto, BCB’s chief central banker, also stated earlier last year that the country […]