Biggest Investment Firm in Brazil to Launch Cryptocurrency Exchange

[kreslik.news]

The biggest investment firm in Brazil is preparing to launch a cryptocurrency exchange, according to CCN which cites local news outlet Portal do Bitcoin.

Rio de Janeiro-based XP Investimentos is Brazil’s has 600 offices across Brazil and employs more than 2,350 investment advisors. It manages more than $35 billion dollars for almost 600,000 customers.

The report says that the company has been researching the subject since last year, and registered the brand name ‘XP Bitcoin’ in October 2017. An anonymous source told Portal do Bitcoin that most likely the service will focus on over-the-counter trading.

Recently, major Brazilian cryptocurrency exchanges were surprised to ... (read more)