Brazilian investment bank BTG Pactual launches crypto trading app

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At the moment initially supporting BTC and ETH only, Investment Bank BTG Pactual’s new crypto trading platform plans to permit its users to trade a good range of altcoins.

Leading Brazilian investment bank BTG Pactual has launched a replacement platform enabling customers to create direct investments in cryptocurrencies.

The bank’s Mynt platform currently allows users to buy Bitcoin and Ether, with BTG Pactual expressing its intention to launch support for extra crypto assets within the future. Andre Porthilo, BTG Pactual’s head of digital assets, stated:

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

BTG Pactual CEO, Roberto Sallouti, described Mynt’s creation as being in response to “demand from our customers who wish to trade crypto.”

Sallouti added that Mynt plans to host education content designed to tell new users about cryptocurrencies and blockchain technology, stating: “As a replacement asset class, we are going to even have content to teach and inform our customers about these assets and therefore the technology.”

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According to local news outlet The Rio Times, Mynt’s launch makes BTC Pactual the primary major Brazilian financial organization to permit its customers to “participate directly” within the crypto asset markets.

Porthilo asserted that the bank’s status as being regulated by both the Brazilian Securities Commission and native financial organisation will lend credibility to the country’s burgeoning crypto sector.

“With the support of BTG Pactual, Mynt has fundamental differentials in security and credibility [—] characteristics that are fundamental in an exceedingly new category of investments with which the majority [are] not yet wont to,” he added.

Mynt isn’t BTG Pactual’s first invade the crypto sector, with the bank launching its real estate-backed security token ReitBZ in 2019 after spending a pair of years examining digital assets.

In April of this year, BTG Pactual also became the primary Brazilian investment bank to launch a crypto fund after unveiling its Bitcoin 20 Multi-Market Investment Fund.

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