BTG Pactual launches crypto trading platform

The biggest investment bank in Latin America, BTG Pactual, has introduced Mynt, a platform for trading cryptocurrencies. On the same day, investment broker XP also unveiled its platform.

The major investment bank in Latin America, BTG Pactual, debuted its cryptocurrency trading platform, Mynt, on the same day as rival bank XP. The likes of Nubank, which is already well-known in the area, are joined by BTG Pactual and XP.

The Mynt platform is a distinct application that does not currently support cryptocurrency deposits or withdrawals. Additionally, XP does not permit deposits or withdrawals.

André Portilho, Head of Digital Assets, said of the feature: “We are working on this feature. In weeks or months, we plan to release. We think clients will want to bring the assets to BTG, given the cases we had of withdrawal restrictions.”

With more than 3.6 million clients, XP is one of the largest investment brokers in the nation. Customers can currently purchase BTC and ETH on its platform.

The past year has witnessed a number of cryptocurrency-related debuts in Brazil, or at least announcements to that effect. A cryptocurrency trading service has been launched by Santander Brazil for institutional and individual clients.