Acceptance of cryptocurrencies in Latin America continues to increase, with one of Brazil’s largest brokers, XP, launching bitcoin and ether trading on the Xtage platform.
Xtage is built on the technology of the US stock exchange Nasdaq. According to Marcos Horie, the platform’s CEO, the company has received “a lot of requests” from customers to implement cryptocurrency support. Users emphasised that they wanted to invest in cryptocurrencies within the XP broker ecosystem, where they hold most of their funds.
The broker has more than 3.6 million clients. Users will be able to trade BTC and ETH both in the Xtage mobile app and via personal computers. The number of cryptocurrencies supported on the platform will increase. By early next year, the company plans to bring the number of available digital assets to 10.
Earlier, the head of Brazil’s central bank spoke out against over-regulation of the cryptocurrency market. He said it should focus on market transparency rather than stopping innovation.
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