Updated on | Posted in Cryptocurrency

Top Brazilian investment bank BTG Pactual launches crypto trading app

Leading Brazilian funding financial institution BTG Pactual has released a brand new platform permitting clients to make direct investments in cryptocurrencies.

The financial institution’s Mynt platform presently permits customers to buy Bitcoin and Ether, with BTG Pactual expressing its aim to release help for added crypto property withinside the future. Andre Porthilo, BTG Pactual’s head of virtual property, stated:

BTG Pactual CEO, Roberto Sallouti, defined Mynt’s introduction as being in reaction to “call for from our clients who desire to exchange crypto.”

Sallouti delivered that Mynt plans to host schooling content material designed to tell new customers approximately cryptocurrencies and blockchain technology, stating: “As a brand new asset class, we are able to additionally have content material to train and tell our clients approximately those property and the technology.”

According to nearby information outlet The Rio Times, Mynt’s release makes BTC Pactual the primary principal Brazilian monetary group to permit its clients to “take part directly” withinside the crypto asset markets.

Porthilo asserted that the financial institution’s repute as being regulated through each the Brazilian Securities Commission and nearby crucial financial institution will lend credibility to the country’s burgeoning crypto sector.

“With the help of BTG Pactual, Mynt has essential differentials in safety and credibility [—] traits which might be essential in a brand new class of investments with which maximum people [are] now no longer but used to,” he delivered.

Related: Visa reportedly pursuits to combine Bitcoin bills in Brazil

Mynt isn’t always BTG Pactual’s first foray into the crypto sector, with the financial institution launching its actual estate-subsidized safety token ReitBZ in 2019 after spending multiple years analyzing virtual property.

In April of this year, BTG Pactual additionally have become the primary Brazilian funding financial institution to release a crypto fund after unveiling its Bitcoin 20 Multi-Market Investment Fund.