Crypto Industry News

XP Inc Launches a Crypto Trading Platform in Brazil

16.08.2022 10:00 (Updated 16.08.2022 10:08)
1 min read

XP Inc, a giant in the brokerage business hailing from Brazil, has launched a crypto trading platform, XTAGE. Thus, 3.6 million investors from Brazil that operate on XP Inc will be able to expand into crypto trading by using XTAGE.

Currently, XTAGE supports Bitcoin and Ethereum trading, but there are plans to include other digital assets in the future. While the crypto trading platform is integrated with XP’s standard ecosystem, initially, only investors with adequate profiles will be allowed to use XTAGE.

The project was developed in partnership with the stock exchange, Nasdaq, and the crypto custodian, BitGo. Nasdaq has provided the underlining trading tech, while BitGo is providing cold wallets in which XTAGE assets will be stored.

Author

  • Maksym has denied the existence of crypto as an asset for 3 years when he was working with standard financial instruments. Became Head of Treasury. Won the best bank employee award and left the bank for cryptocurrency exchange the next day. Got a second university degree, but that didn’t stop him from studying finance yet. Combines fiat and crypto experience to be as objective as possible in general matters. His dream is to be interviewed by Bloomberg.

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