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.