Brazil’s Largest Brokerage to Reluctantly Launch Cryptocurrency Exchange

[kreslik.news]

Brazil’s largest independent brokerage, Grupo XP, the owner of XP Investimentos SA, will be entering into the crypto space. This is despite the fact that the firm would prefer to avoid this market altogether.

Last week, at an event in Sao Paulo, the Chief Executive Officer of Grupo XP, Guilherme Benchimol, told Bloomberg that the company will offer a platform exchange for Bitcoin and Ethereum. This is expected to be launched in the company months.

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The new exchange, called XDEX, will be set apart from the firm’s other brokerage businesses. As ... (read more)