Brazil’s top investment bank BTG Pactual launches crypto trading application

Brazil’s leading investment bank BTG Pactual has launched a new platform that enables customers to invest directly in cryptocurrencies.

The bank’s Mynt platform currently allows users to buy Bitcoin and Ether, and BTG Pactual said it plans to launch support for other encrypted assets in the future. Andre Porthilo, Head of Digital Assets at BTG Pactual, statement:

“At this first moment, we will own the two main assets of the market, but over time, we will include other cryptocurrencies for trading. We will have a complete platform containing blockchain-based assets.”

Roberto Sallouti, CEO of BTG Pactual, described the creation of Mynt as a response to “the needs of our customers who want to trade cryptocurrencies.”

Sallouti added that Mynt plan hosting aims to introduce new users to the educational content of cryptocurrency and blockchain technology, and pointed out: “As a new asset class, we will also provide content to educate and inform our customers about these assets. And technology.”

According to the local news media “Rio Times”, Mynt’s emission Make BTC Pactual the first major financial institution in Brazil to allow its customers to “directly participate” in the crypto asset market.

Porthilo asserted that the bank’s status under the supervision of the Brazilian Securities Commission and the local central bank will provide credibility to the country’s booming crypto industry.

“With the support of BTG Pactual, Mynt has a fundamental difference in security and credibility [—] Basic characteristics in the new investment category that most people adopt [are] Not used to it yet,” he added.

related: According to reports, Visa aims to integrate Bitcoin payments in Brazil

Mynt is not BTG Pactual’s first foray into the encryption field. The bank launched its Real estate-backed security tokens After spending several years researching digital assets, ReitBZ was established in 2019.

In April this year, BTG Pactual also became Brazil’s first investment bank to launch a crypto fund After launching its Bitcoin more than 20 market investment fund.